Prayut Chan-o-cha, Prime Minister, asked the Bank of Thailand to review credit card and personal loan rates to solve the problem of rising household debt.the Bank of Thailand accelerate the solution of household debt problems within 6 months,There are plans to cut the ceilingof interest rates on some retail loan products with interest rates above 20% per yearby 1-2%,, but lowering interest rates is not the right solution. Governments should consider the role of the Government Savings Bank in pulling interest rates on auto loans. To cash the market down , governments are moving in the direction by dealing with household debt in the most affordable way to help household borrowers.
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