Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike 
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Thailand’s private consumption growth is likely to run in the 3-3.5 percent range in the medium-term, below the 4.5 percent pace that is reckoned to be the current potential.
Unwinding among households continues. Household loan growth has declined for four consecutive years since hitting a record-high 18.5 percent in 2012. By end-2016, household loan growth was a modest 3.4 percent. The growth of loans under special supervision has also fallen to a modest 3 percent annual pace, well below the 20 percent seen in 2013.
Further, the household debt-to-GDP ratio has peaked. It eased to 80 percent in 2016, from 81.2 percent in the previous year. Stronger nominal GDP growth will continue to pull this ratio lower. But it may still take at least 15 years to see the debt ratio falling back to pre-2007 level, assuming nominal GDP growth and loan growth were to average 6 and 2 percent respectively in the coming years.
"Given that private consumption makes up about half of the GDP, one should expect real GDP growth to also remain at about 3.5 percent per year in the medium-term," DBS Bank commented in its latest research report.
