Partly as a result of markets falling generally and energy related stocks in particular the SET ( Stock Exchange of Thailand ) took quite a hit 2 days ago, down 7 % in one day.
Although it has since recovered some of the fall, Thailand`s economy is showing signs of weakness.
The Bank of Thailand has it`s hands somewhat tied with interest rates.
Household debt is very high,borrowing without thought of future consequences seems to be a trait of some Thais.
If the BoT reduce rates to bolster the economy, they may just encourage even more borrowing.
A never ending spiral.
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