Standard Chartered Bank: Thailand Inflation set to decline on falling oil prices

Quotes from Standard Chartered

• The impact of falling global oil prices on Thailand's inflation and current account balance has already been seen in recent months.
   
• We now estimate that headline inflation will average only 0.5% in 2015, and forecast a current account surplus of 2.1% of GDP
  
  
• Lower global oil prices have also contributed to four consecutive monthly current account surpluses.
  
  
• The surplus reached a record high of USD 5.5bn in December 2014 and remained high at USD 2.5bn in January.