household debt News

Aging Population to Shift Korea's Household Debt Dynamics: Peak Expected Within Five Years

Korea's household debt to GDP ratio is expected to peak within five years due to aging demographics, then decline. The KDI report links this trend to life expectancy and housing de...

Thailand's Property Market on the Brink: Soaring Debt and Tight Credit Spark Crisis

Thailand's property sector is in crisis due to high household debt and tight credit conditions, with experts warning of potential collapse without immediate action. Developers, gov...

Bank of Korea Governor Advocates for Enhanced Macroprudential Policy Powers Amid Financial Stability Concerns

Bank of Korea Governor Rhee Chang-yong emphasizes the need for stronger macroprudential policy tools and better coordination with the government to ensure financial stability and e...

Bank of Korea Maintains Steady Interest Rates Amid Economic Stimulus and Housing Market Surge

The Bank of Korea decided to maintain the base rate at 2.5%, balancing economic stimulus with concerns over rising housing prices and household debt. This decision reflects the cha...

Unusual Economic Signal: Korea's Money Supply Drops Amid Rate Cuts, Sparking Concerns

South Korea's money supply unexpectedly decreases despite interest rate cuts, highlighting concerns over household debt, corporate loans, and overseas investments. Economists debat...

Thailand's Property Market Crisis: Analysts Predict Years of Downturn Amid Oversupply and Economic Woes

Thailand's property market is facing a prolonged downturn due to oversupply, weak demand, and high household debt. Analysts call for structural reforms and targeted measures to rev...

South Korea Climbs to Second Place Globally in Household Debt: A Deep Dive into the Economic Implications

South Korea ranks second globally with a household debt to GDP ratio of 91.7%, highlighting the challenges of high household debt amidst economic policies and the pandemic's impact...

Bank of Korea Considers Additional Rate Cuts to Navigate Housing Market Instability

The Bank of Korea is considering further interest rate cuts to address economic challenges and housing market instability, amidst concerns over rising apartment prices in Seoul and...

India's Household Debt Climbs: A Comparative Look at Emerging Markets

India's household debt has risen over the past three years but remains low compared to other emerging markets. The increase is driven by more borrowers rather than higher individua...

Navigating the New Frontier: Challenges in Digital Loans and Investments

RBI Deputy Governor Michael Patra discusses the challenges posed by the digitalisation of investments and credit, emphasizing the need for vigilance against household debt escalati...

Thailand's Cabinet Approves Measures to Alleviate Household Debt

Thailand's cabinet has approved debt support measures including interest suspensions and reduced principal payments to help tackle household debt, according to Prime Minister Paeto...