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Thai Central Bank Warns Borrowers to Prepare for Higher Mortgage Rates.
Byline: Parista Yuthamanop
Jun. 4--Homeowners should be prepared for a possible increase in their mortgage payments once market interest rates turn upward, warned the Bank of Thailand yesterday.
Atchana Waiquamdee, a central bank assistant governor, said that while household debt levels were not a concern at the moment, authorities were worried that rising interest rates in the future could affect household finances.
Household debt currently stands at around 70 percent of gross domestic product, compared with 50 percent in Australia and over 100 percent in Korea.
Many borrowers have taken advantage of historically low interest rates ...
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Source: HighBeam Research, Thai Central Bank Warns Borrowers to Prepare for Higher Mortgage...