FW: RHB | Thailand | Money Supply Continues To Climb On Foreign Demand

 

 

 

 

 

Economic Research			2 October 2017
Thailand
Economic Update
Money Supply Continues To Climb On Foreign Demand   Thailand’s BM accelerated to +4.8% YoY in August. This was on higher net foreign operations. However, private demand for credit slowed marginally, capping some of the upside. We raise our broad money (BM) growth estimate to 5.2% for 2017, from +4.1% earlier, and compared to +4.2% last year. Foreign demand has picked up and is unlikely to waver, considering the THB’s strong fundamentals and higher economic growth expected, going forward. Loans growth, however, is expected to continue to tread at around its current pace. This is because the small and medium enterprise (SME) segment is still under some pressure, and with new credit card limits set to come into effect in 4Q.   Economist:  Ng Kee Chou  | +603 9280 2179
To access our recent reports please click on the links below:   28 September:  BoT Raises GDP Forecasts, Maintains Key Repo Rate 25 September: August Exports Jump On North Asian Demand 5 September: Money Supply Sees Uptick In July 5 September: August CPI Picked Up On Higher Energy Cost 5 September: July MPI Rebounded On Automotive, F&B Gains
Economic Team
Peck Boon Soon	Chief ASEAN Economics	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo	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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