Meanwhile, the net interest margin of the banking sector is expected to decline to 2.83% in the second quarter of this year, down from 2.92% in the previous quarter, in line with the Bank of Thailand's policy rate cut as part of a broader accommodative monetary policy cycle. The slowdown in loan growth contributed to a decline in the household debt-to-GDP ratio, which fell to 88.4% in the fourth quarter of 2024, compared with 88.9%, 89.7% and 90.7% in the previous three respective quarters. While Thai GDP growth was 3.1% in the first quarter, consumption of diesel, gasoline and gasohol fell, though demand for all types of fuel in the country rose by 1.3% for the period, according to the Department of Energy Business.
Author: Post Reporters
Published at: 2025-05-25 22:26:00
Still want to read the full version? Full article
