Bank of Thailand raises LTV ratio cap as recovery slows

Bank of Thailand
The Bank of Thailand
Photo: George Johnson

The Bank of Thailand raised its loan-to-value ratio cap for mortgages from its previous range of 70–90%, to 100% on October 20.  

The new rules will take effect immediately and will last for more than 14 months, until the end of 2022. Thailand’s household debt levels are extremely high, at around 89% of GDP.  

The central bank believes encouraging more mortgage lending would not significantly increase financial stability risks. One analyst tells Central Banking the measure’s impact would need

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