Headline inflation in Thailand has come back to the Bank of Thailand’s target band after the institution announced a 25 bps rate cut yesterday. As economists at ANZ notes, the central bank could have more room for further rate cuts. Key quotes “Thailand’s headline inflation rose to 1.05% y/y in January, marking the first time it has returned to the central bank’s target band since May.” “Core CPI rose 0.02% m/m in January. In y/y terms, it edged down to 0.47%, indicating subdued underlying price pressure.” “We expect the BoT to adopt a wait-and-see stance following its 25bp rate cut yesterday, but acknowledge that a further rate cut cannot be ruled out, especially if the virus spread is prolonged and fiscal policy continues to be handicapped by legal bottlenecks.” “BoT governor Veerathai Santiprabhob today commented that yesterday’s cut was a necessary pre-emptive move and that the central bank still has policy space left to respond to unexpected events.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next India: RBI to reduce repo rate in June – ANZ FX Street 2 years Headline inflation in Thailand has come back to the Bank of Thailand’s target band after the institution announced a 25 bps rate cut yesterday. As economists at ANZ notes, the central bank could have more room for further rate cuts. Key quotes “Thailand’s headline inflation rose to 1.05% y/y in January, marking the first time it has returned to the central bank’s target band since May.” “Core CPI rose 0.02% m/m in January. In y/y terms, it edged down to 0.47%, indicating subdued underlying price pressure.” “We expect the BoT to adopt a wait-and-see stance following its 25bp rate cut… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
