Thailand: Central bank does not want commercial banks to raise conditions for obtaining loans to high.

Section: General News - Monetary Policy Committee (MPC) would monitor commercial banks' credit approval standard to prevent banks from tightening their credit approval process too much, according to the Bank of Thailand's inflation report, The Nation reports.

The committee did not want the banks to stiffen the lending as it could harden real sector's businesses which had potential and influence on economic recovery.

The strict loan criteria would make the loan assessment to be more difficult and their borrowing cost would be higher.

"The committee will monitor magnitude of credit standard in order to keep it from being too much tightened," according …