BOT Winds Down 'Pandemic-Era Support'

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by Paul Rujopakarn
    
BANGKOK (NNT) - The Bank of Thailand (BOT) has said it would end two policies initiated to mitigate the impact of the pandemic, including measures supporting the property sector and corporate bonds.

 

According to Assistant Governor Chayawadee Chai-Anant, the central bank will not extend its loan-to-value measures for the property sector.

 

The central bank last year raised the ratio limit to 100% from 70-90% to spur activity in the real estate sector.

 

In a separate statement, the BOT said it will end applications for its corporate bond stabilization fund this year.

 

The 400 billion baht (US$10.53 billion) fund was launched in 2020 to backstop the corporate debt market and reduce risk.

 

The central bank said the need for support from the fund has declined due to the improving situation.

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG221101103509028

 

-- © Copyright NNT 2022-11-01

 

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