webfact Posted December 27, 2018 Share Posted December 27, 2018 Thai December headline inflation rate seen easing to 0.84 percent - Reuters poll FILE PHOTO - People shop at a department store in Bangkok, Thailand, July 1, 2016. REUTERS/Athit Perawongmetha BANGKOK (Reuters) - Thailand's annual headline inflation rate in December may have slowed slightly from the previous month and stayed below the central bank's target range for a second straight month, a Reuters poll showed. The median forecast of 11 economists was for the headline consumer price index (CPI) to rise 0.84 percent in December from a year earlier. In November, the index was up 0.94 percent. The Bank of Thailand (BOT) has forecast headline inflation of 1.1 percent this year, against its 1-4 percent target range. It sees headline inflation at 1.0 percent in 2019. The core inflation rate, which strips out energy and fresh food prices, was seen at 0.70 percent in December, after November's 0.69 percent, according to the poll. Last week, the BOT raised its policy interest rate <THCBIR=ECI> by 25 basis points to 1.75 percent, the first tightening since 2011. It will next review monetary policy on Feb. 6, when most analysts expect no policy change. (Reporting by Orathai Sriring; Editing by Sunil Nair) -- © Copyright Reuters 2018-12-27 Link to comment Share on other sites More sharing options...
Srikcir Posted December 27, 2018 Share Posted December 27, 2018 4 hours ago, webfact said: against its 1-4 percent target range. That's like, Pick a number between 1 and a 100. If you do, you win. A 399-point spread range is meaningless. Link to comment Share on other sites More sharing options...
fullcave Posted December 28, 2018 Share Posted December 28, 2018 They will need to increase debt in order to reach their inflationary goals. More public funded projects in strategic locations before the re-election to sure up the vote should hit the target nicely. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.