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Thailand's September CPI rose 1.3% year on year, slightly above a 1.1% estimate and in line with consensus, as high base effects pulled food, housing and transport lower. Core inflation held near 0.8%.
ING sees subdued inflation continuing and now doubts the central bank will start normalising rates next year.
Subdued Thai inflation and a delayed rate-hike path keep domestic demand and the baht supported, with limited direct effect on feed commodity prices.
think.ing.comOct 1, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
