THAILAND: CPI Miss Has BoT With Limited Policy Options
Mar-05 03:45
- Thailand's February CPI YoY turned more negative than forecast as the pace of deflation increases.
- CPI in February declined -0.88% from -0.66% prior with officials making statements upon release suggesting the Middle East conflict will see upward pressure in March.
- The continued deflation is attributed to government-subsidized utility prices (electricity and water) and lower energy costs. This marks the 10th consecutive month of negative inflation.
- This leaves the BoT with limited options now with rates at 1.00% as it awaits government policy to drive growth.
- BBG has reported that authorities were reviewing the CPI structure in early 2026 due to concerns that it was not accurately reflecting actual household costs
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RBA: +25bps, As Expected
Feb-03 03:34
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Feb-03 03:33
- RBA SEES FASTER GROWING DEMAND, CAPACITY PRESSURES
