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