Thailand’s annual inflation rate jumped to 3.63 percent in December, up almost one percentage point from November, but core inflation is comfortably within the central bank’s target range, putting it under no pressure to raise interest rates.
Most economists expect the Bank of Thailand (BOT) to keep its policy rate unchanged at 2.75 percent at its next monetary policy meeting on Jan. 9.
December’s inflation rate — the highest since November 2011 — still leaves it with ample room to keep interest rates low but has reduced the chance of any further cuts to help Thailand deal with the bad global economy.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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