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Thai central bank says financial system stable but debt poses risks

CNA – Thailand’s overall financial system is stable and the economy is gradually recovering, but rising household debt and an uneven recovery pose risks, the central bank said yesterday.

Household debt continued to rise, while the Omicron variant of the coronavirus casts doubt over the recovery, Bank of Thailand (BOT) senior director Don Nakornthab said.

The economic recovery remained uneven, especially in tourism-related sectors, Don said.

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