US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
Eurozone Bond Yields Fall as Oil Slump Eases Inflation Fears Ahead of Central Bank Meetings 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
Add as a preferred source on Google
The Bank of Thailand (BoT) is expected to remain on hold throughout this year, while inflation data is unlikely to have any bearing on monetary policy, according to the latest report from ANZ Research.
The rebound in headline CPI in March was predominantly driven by higher energy prices. Price changes in other major categories of the CPI basket were muted and remained in recent ranges. Core inflation also remained broadly stable as a result.
On a sequential basis, headline CPI rose by 0.41 percent m/m in March, following a 0.24 percent m/m increase in the previous month. The acceleration was driven by higher prices of energy which gained 2.85 percent m/m after rising 1.67 percent m/m in February.
Raw food prices increased by 0.44 percent m/m although the annual reading was higher at 3.75 percent y/y owing to a low base. Price pressures in other categories including clothing, housing and recreation and education remained muted both on a sequential and annual basis. As a consequence, core inflation remained benign at 0.58 percent y/y.
"Risks to financial stability remain but for now, the focus of monetary policy is likely to be on supporting growth which has suffered from weak exports," ANZ Research further commented in the report.
