Thai central bank issues debt-relief measures for conflict zone
BoT says hostilities may make repayments even harder in country with high household debt levels
Thailand’s central bank has relaxed lending rules along the country’s border with Cambodia, where a deadly conflict broke out on July 24.
The Bank of Thailand (BoT) said on July 25 that the hostilities could make it harder for some people to service their debts and result in lost income for lenders, and it had therefore asked financial institutions to lower the minimum level of repayment for credit card loans. It also asked lenders to offer customers easier access to emergency credit and to
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