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Economic Research
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2 March 2017
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Thailand
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Economic
Update
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Thailand’s CPI eased to +1.4% YoY in
February, undermined by a sharp slowdown in fresh food price inflation. Going
forward, we maintain our forecast for 2017 CPI to grow 1.5%, compared to
+0.2% in 2016, underpinned by:
1.
Higher energy costs;
2. Rising private consumption;
3. Increase in property prices;
4. Modest demand pull effect from the
ramp up in infrastructure construction activities.
We do not
expect the Bank of Thailand (BOT) to alter the policy rate in 2017, as CPI is
expected to remain manageable, and with economic growth prospects still
moderately positive.
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Thursday, March 2, 2017
February CPI Eased, Expect No Action On Interest Rates
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