"debt relief"

The Bank of Thailand (BOT) said some 85 per cent of retail debtors struggling in the fallout of Covid-19 have applied for the second-phase of debt relief, while Kasikornbank projects 60 to 70 per cent of debtors will be able to start repaying their debts once the subsidy wraps up.

The central bank’s latest debt-relief measure will cost banks Bt10 billion a year, Kasikorn Research Centre said on Friday.

The Bank of Thailand on Thursday issued a new debt relief measure aimed at reducing Thais’ interest rate burden from 16-25 per cent to 5.5-8.8 per cent.