Thai headline inflation likely to have stayed at 0.3 pct in October

Thai inflation data for the month of October is set to release tomorrow. According to a DBS Bank research report, the headline inflation is likely to have remained stable at 0.3 percent year-on-year.

Recent concerns over temporary food supply shocks have not manifested into significant price pressures, keeping the year-to-date run rate at 0.8 percent, below the annual forecast of 1 percent.

“This is also below the BOT’s target, which provides the policymakers with enough room to lower benchmark rates by 25bps before year-end”, added DBS Bank.