Return Of Foreign Investors Helped Stabilise Money Supply

Economic Research	03 May 2016
Thailand
Economic Highlights
Return Of Foreign Investors Helped Stabilise Money Supply Thailand’s broad money supply (MS) growth stalled 3.7% y-o-y in March, unchanged from the month before and lower than the 4.0% gain registered at the start of the year. Domestic claims slowed to 4.0% y-o-y, from +4.2% a month earlier, dragged by easing demand from both the public and private sector. However, the drop in credit demand was offset by another month of robust growth in net foreign activities, which was partially aided by the first inflow of foreign portfolio investment in five months. In contrast, narrow money (NM) growth improved to +5.1%      y-o-y in March, after rising 4.8% the month before. Economist:  Ng Kee Chou  | +603 9280 2179
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