FW: RHB | Philippines| M3 And Loan Growth July Pick-Up

 

 

 

Economic Research			5 September 2017
Philippines
Economic Update
M3 And Loan Growth July Pick-Up   The Philippines’ broad money supply (M3) growth rose at a faster 13.5% YoY pace in July, attributed to a pick-up in net domestic claims. Going forward, we expect broad money to grow at a more moderate pace of 10% in 2017 (2016: +12.7%), in line with a projected softer economic growth.       Economist:  Rizki Fajar  | +6221 2970 7065
To access our recent reports please click on the links below:   21 Aug: Economic Growth Sustains In 2Q17 11 Aug: Policy Rates Still Unchanged in August 11 Aug: Export Growth Continues To Moderate In June 07 Aug: Inflation Holds Up In July 01 Aug: M3 And Loan Growth Rise in June 12 July: Export Growth Moderates In May, To Rebound In 2017
ASEAN Economic Team
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhbgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184