Friday, June 1, 2018

FW: RHB | Thailand | Private Credit Continues To Climb

 

 

 

 

 

Economic Research

1 June 2018

Thailand

 

Economic Update

 

 

 

Private Credit Continues To Climb

 

 

u  Thailand’s broad money supply slowed in April after growing at its fastest pace in nearly three years;

 

u  Economic activity might have picked up speed, indicated by the pick-up in private credit to its quickest pace since Feb 2016;

 

u  Still, we expect the central bank to keep its key policy rate stable at 1.5% for the rest of the year, as inflation remains tepid and economic growth is mostly driven by external activities..

 

 

Economists:

Peck Boon Soon | +603 9280 2163

Aris Nazman Maslan  | +603 9280 2184

 

 

To access our recent reports please click on the links below:

 

30 May : Manufacturing Sustains Despite Festivities

23 May : Trade Deficit Widest In Three Years

21 May : GDP At 5-Year High

16 May : BoT Maintains Rate On Tepid Private Spending
03 May :
Money Supply Strongest Since 2015

02 May : CPI Picks Up In April

 

Economic Team

Arup Raha

Group Chief Economist

arup.raha@rhbgroup.com

+65 6232 3896

Peck Boon Soon

Chief ASEAN Economist

bspeck@rhbgroup.com

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Singapore

vincent.loo@rhgroup.com

+603 9280 2172

Ahmad Nazmi Idrus

Indonesia

ahmad.nazmi.idrus@rhbgroup.com

+603 9280 2179

Aris Nazman Maslan

Thailand, Philippines , Vietnam

mohd.aris.nazman@rhbgroup.com

+603 9280 2184

                                                                                                                                    

 

 

 

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