Milei says record household debt delinquency is a matter between banks and borrowers
- President Javier Milei said rising household debt delinquency, which has reached record levels since he came into power, should be resolved between banks and borrowers, arguing that the government should not intervene in private lending agreements.
- ” he said when asked during an interview on Sunday with LN+ news channel about the high number of borrowers who had fallen behind on loan repayments.
- Household debt delinquency rose for the 19th consecutive month in May, reaching 12.8% of total household credit — the highest level in more than two decades.
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- President Javier Milei said rising household debt delinquency, which has reached record levels since he came into power, should be resolved between banks and borrowers, arguing that the government should not intervene in private lending agreements.
- ” he said when asked during an interview on Sunday with LN+ news channel about the high number of borrowers who had fallen behind on loan repayments.
- Household debt delinquency rose for the 19th consecutive month in May, reaching 12.8% of total household credit — the highest level in more than two decades.
Sources: Buenosairesherald