FW: RHB | Philippines| M3 Picks Up, Loan Growth Moderates In August

 

 

 

 

Economic Research			2 October 2017
Philippines
Economic Update
M3 Picks Up, Loan Growth Moderates In August   Philippines’ broad money supply (M3) growth rose at a faster pace of 15.4% YoY in August, attributed to a pick-up in net domestic claims and foreign assets. 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:   19 Sept: Current Account Back Into Surplus In 2Q17 13 Sept: Exports Recovered, Imports Continued To Contract In July 06 Sept: Inflation Edges Higher In August 05 Sept: M3 And Loan Growth July Pick-Up 21 Aug: Economic Growth Sustains In 2Q17 11 Aug: Policy Rates Still Unchanged in August
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

 

 

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