หนี้ครัวเรือนไทย ลงบลูมเบริก อ่านตรรกะแล้วปวด head

ออกตัวก่อนน่ะครับ ว่าไม่ได้เก่งภาษาประกิตอะไร รบกวนผุ้รู้ช่วยแปล ประโยคเด็ดตามนี้ครับ

1. Din, who works in the finance department of Bumrungrad International Hospital in Bangkok, and has racked up more than 200,000 baht ($6,100) in debt from buying clothes, shoes and decorating his apartment. “When I am short of money, I use personal loans. Interest rates aren’t bad. I still have room to borrow more.”

ไม่มีปัญหาเงินขาดมือ ยืมบัตรมาต่อบัตร

2. “Life is short, and I want to enjoy it,” said Din, who works in the finance department of Bumrungrad International Hospital in Bangkok
เข้าใจเลือกตัวอย่าง เอาคน finnance มา

3.“I still spend the way I want,” he said. “I am not afraid of rising rates because I can manage by refinancing my debt. There is always a cheap source of funding.”
มี Fed หนุนหลัง พิมเงินมากดดอกเบี้ย

อยากทำแบบนี้บ้างจุง



in Ruenmeesang spends about half his monthly income making minimum payments on his seven credit cards and multiple bank loans. That isn’t stopping the 33-year-old from borrowing again to buy a new car next year.
Spenders like Din are making it hard for Thailand’s central bank to cut interest rates even as Southeast Asia’s second-largest economy struggles with weakening growth. Thai household debt has more than tripled in a decade to a record high 83.5 percent of gross domestic product, and lower borrowing costs may exacerbate that.
“Life is short, and I want to enjoy it,” said Din, who works in the finance department of Bumrungrad International Hospital in Bangkok, and has racked up more than 200,000 baht ($6,100) in debt from buying clothes, shoes and decorating his apartment. “When I am short of money, I use personal loans. Interest rates aren’t bad. I still have room to borrow more.”
The Bank of Thailand is grappling with an economy that’s already at risk of losing its position as a leading regional manufacturer, as exports may contract for a second year while shipments from Vietnam and the Philippines climb. The monetary authority kept its benchmark interest rate unchanged at 2 percent today for a sixth straight meeting, as predicted by 16 of 23 analysts in a Bloomberg News survey. The remainder had forecast a 25-basis-point cut.
“It’s a very tough call,” said Warapong Wongwachara, an economist at TMB Bank Pcl in Bangkok. “Poor economic growth and super-low inflation warrant a further rate cut, but the central bank is cautious because of the huge consumer debts.”
Fastest Increase
In Southeast Asia, Thailand and Malaysia have experienced the fastest increase in household indebtedness in the past five years, and the level is elevated relative to income levels, Rahul Ghosh, a senior research analyst at Moody’s Investors Service in Singapore, said in an October report. It poses a risk to private consumption growth and banks’ asset quality as the global credit cycle gradually tightens, he said.
Thai household debt was 10.03 trillion baht as of the end of June compared with 2.85 trillion baht in the same period in 2004, data show. Malaysia’s household debt was 86.8 percent of GDP as of end-2013, according to central bank data.
The Thai central bank has said the level of household debt is “alarming,” and asked the military-run government not to introduce policies that stimulate unnecessary borrowing. Prime Minister Prayuth Chan-Ocha, who seized power in a military coup in May, has unveiled a stimulus package of about $11 billion and pledged to quicken budget spending to boost consumption.
“We want the economy to grow and people to spend money, but we also want those who have lots of debt to be careful,” Governor Prasarn Trairatvorakul told reporters yesterday. “When we have lots of debt, it may be a constraint to growth.”
‘Spend Money’
The current rate is supportive of growth, with inflation remaining benign on lower oil prices and risks to financial stability contained, the central bank said today. The monetary policy committee voted five to two in favor of the decision to hold the rate, it said, adding that it will cut its GDP growth estimates for 2014 and 2015 later this month.
The benchmark Thai stock index fell to the lowest in almost six months yesterday. Russia’s central bank unexpectedly raised its benchmark rate to 17 percent from 10.5 percent this week, while the Indonesian rupiah weakened to its lowest level against the dollar since 1998 as the prospect of U.S. interest rate increases damped demand for emerging-market assets.
“The sharp fall in the rupiah is a reminder for the BoT on the fear of capital outflows from the region in 2015,” said Gundy Cahyadi, an economist at DBS Group Holdings Ltd. in Singapore. “This could be a factor” for the central bank to consider, he said.
Cheap Funding
Thailand expanded 0.6 percent in the three months through September from a year earlier. GDP may grow 1 percent this year, according to the National Economic and Social Development Board, the slowest pace since 2011 when thousands of factories were shuttered after the worst floods in almost 70 years.
When consumer spending is largely driven by debt, it is sensitive to potential tightening in financial conditions, said Frederic Neumann, co-head of Asian economics at HSBC Holdings Plc in Hong Kong.
“Household debt may not be as big a systemic financial risk as it was in the West, but it highlights a potential growth problem in Asia: without it, how resilient would consumption spending really be?” said Neumann.
Inflation (THCPIYOY) eased to 1.26 percent last month from a year earlier, the slowest in five years. Non-performing loans at Thai commercial banks rose to 2.34 percent of total lending as of Sept. 30 from 2.15 percent at end-2013, data showed. The BoT has said it isn’t concerned, as banks are cautious in lending and manage risk well.
Din, who plans to buy a Mazda3 sedan with a new bank loan, isn’t concerned, either.
“I still spend the way I want,” he said. “I am not afraid of rising rates because I can manage by refinancing my debt. There is always a cheap source of funding.”




source bloomberg
http://mobile.bloomberg.com/news/2014-12-16/record-thai-household-debt-crimps-rate-cut-room-southeast-asia.html#articleCommentsModule
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