x
Visit our new Mobile Website next time you access NetDania with your mobile device
Netdania News
Thai inflation slows in December, Bank of Thailand likely to keep policy rate unchanged through 2018

Source FxWire Pro Wednesday, 3 Jan, 2018 12:57:11 GMT
Back

The headline and core inflation in Thailand came below expectations in December. The consumer price inflation slowed to 0.78 percent year-on-year in the month, as compared with the market expectations of 0.99 percent. For the full year of 2017, the headline inflation averaged 0.67 percent, which is close to the central bank’s December forecast of 0.7 percent. But the BoT’s forecast was downwardly revised many times in the course of the year. The Bank of Thailand expects inflation to average 1.1 percent in 2018.

The lower than expected inflation was due to the diminished impact of oil prices. Even if oil price have been bolstering, the high base effect has led to a lower annual change. On a sequential basis, headline CPI inflation declined 0.08 percent due to price contractions in food, apparel, housing and personal and medical care.

Meanwhile, core rate continued to be subdued at 0.62 percent year-on-year, reflecting the lingering weakness in consumption growth. According to an ANZ research report, demand pull pressures are expected to be capped unless employment and income growth widen.

Even if the overall economic activity is gaining strength, the rebound in domestic demand has been gradual. Lacking breadth, bolstering economic activity has yet to raise labor incomes throughout all sectors.

“We expect the BoT to maintain its policy rate at 1.50 percent through 2018. Indeed, the minutes for the monetary policy committee (MPC) meeting on 20 December reiterated the need to continue with an accommodative policy”, added ANZ.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

Source: FxWire Pro - Commentary
© FxWire Pro 2018. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.
Find a Top Broker
Global
Forex
26241.00
40.9
0.16%
2841.35
7.67
0.27%
6962.90
43.16
0.62%
10688.80
-36.9
-0.34%
13562.05
55.75
0.41%
24069.50
117
0.49%
3546.50
45.14
1.29%
7729.75
-0.5
-0.01%
32867.00
565
1.75%
6055.00
33
0.55%
11083.70
117.5
1.07%
1337.73
4.59
0.34%
70.08
0.765
1.10%
1.22963
0.0041
0.33%
110.348
-0.634
-0.57%
1.40177
0.0035
0.25%
0.79924
-0.0015
-0.19%
1.24450
-0.0008
-0.07%
135.68700
-0.334
-0.25%
0.87712
0.0007
0.08%
154.68800
-0.5
-0.32%
0.95723
-0.0049
-0.51%
1.17708
-0.0021
-0.17%
0.73601
0.0042
0.57%
90.07800
-0.31
-0.34%
Top Gainers
Name
Last
+/-
%
1.61
0.46
40.00%
0.04
0.01
26.67%
2.96
0.47
18.88%
4.31
0.57
15.19%
10.75
1.38
14.70%
2.48
0.30
13.81%
4.60
0.56
13.74%
5.36
0.61
12.76%
2.49
0.28
12.55%
0.01
0.00
12.50%
Top Losers
Name
Last
+/-
%
0.06
-0.04
-36.00%
0.71
-0.11
-13.41%
2.82
-0.40
-12.56%
0.70
-0.10
-12.50%
2.80
-0.38
-11.95%
1.20
-0.15
-11.11%
8.17
-0.97
-10.61%
0.45
-0.05
-9.82%
0.61
-0.06
-9.52%
4.72
-0.42
-8.17%
NetDania does not guarantee the accuracy of data contained on this website, nor do we guarantee that data is real-time. Data on this website may be provided from OTC market sources and market makers, and not necessarily from exchanges. The provided price data is indicative and may not be appropriate for trading or decision making purposes. NetDania does not assume any responsibility for any losses incurred from the use of the provided data.
NetDania does not endorse or promote any broker or financial service. NetDania is a pure technology provider offering its software with broker integration. Any user of NetDania software must be an existing client of one of our supported brokers. NetDania showcases NetDania technology for the purpose of demonstrating it towards brokers and other institutions looking to white label the technology on a software subscription contract. No financial services are offered, promoted or recommended. NetDania is compensated as a technology provider by its institutional clients including its integrated brokers. It is the sole responsibility of any recipient employing or requesting an offering to comply with all applicable legislation or regulation affecting it.

Persons or entities including approved brokers not belonging to the NetDania Group may advertise on the NetDania and its Group’s websites, through links, banners or otherwise. We have not taken any steps to verify the accuracy, quality or reliability of any products, information or services provided by third parties that have links on our website. We accordingly provide no warranties with regard to and disclaim responsibility for any such products, information or services and exclude all liability in this regard to the fullest extent permitted by relevant laws and regulations. If a user of the NetDania Group’s websites decides to act upon any such advertising, such user does so entirely at its own risk.

NetDania’s website may be accessed worldwide. The Information provided on its website is however only intended for use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. None of the offerings services referred to on this website are available to recipients residing in countries where the provision of such offerings would constitute a violation of mandatory applicable legislation or regulations. It is the sole responsibility of any recipient employing or requesting an offering to comply with all applicable legislation or regulation.

HIGH RISK INVESTMENT WARNING:
End-users of the NetDania software that make use of the trading integration features as direct clients of integrated brokers, should be aware of the level of risk carried by trading in financial markets. Trading foreign exchange and or other financial instruments on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or more of your initial investment, and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from your broker and or an independent financial advisor if you have any doubts. Anyone opening a live trading account needs to adhere to the laws of their local country as such laws may differ from country to country.
NetDania expressly disclaims any liability for any lost principal or profits which without limitation may arise directly or indirectly from the use of or reliance on information on our website or the use of our software with broker integration.
Copyright © 1998 -2018 NetDania Creations ApS, Kronprinsessegade 36, 1st floor DK-1306 Copenhagen K, Denmark, +4536980409, Contact NetDania by email, CVR-nr.27976670 Terms And Conditions and Privacy Policy