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25th Mar 2022 00:10Emerging Asia, Daily Monitor

  • The BSP raised its 2022 inflation forecast to 4.3%, which is too punchy, despite the stickiness in oil.
  • The bar for normalisation is higher than above- target CPI; second-round effects will matter more.
  • Thailand's exports rebounded respectably in February, but momentum is clearly ebbing from Q4.

cpi cpi inflation disinflation exports global oil prices government government spending headline inflation inflation forecast inflation forecasts inflation outlook nominal exports oil oil price oil prices policy policy rates repo survey data

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