Inflation stays below central bank target for fifth month

Quick Summary:

Thailand's inflation stayed below the central bank’s target for a fifth straight month, building pressure on the monetary authority to continue with rate cuts to boost price gains and the economy.

The consumer price index (CPI) rose 0.83% in October, missing analysts' expectation for a 0.9% gain, according to data released by the Commerce Ministry on Wednesday.

Still, flashpoints remain between the BoT and the Finance Ministry, the latest being the impending appointment of a new central bank chairman.

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Article Details

Category: EconomyBusiness

Markets: ThailandChina

Topics: Year Monetary Gains Rate Central Inflation Target Government Bank Price Thailand

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 12:06:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23442353

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 21 posts per day

Year Established: 1946

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News Last Updated: 3 hours ago

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Publisher ID: #66

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