02/09/2010
[ECON]Thailand Economics: Baht strength and implications Baht surged 3% in August
The baht appreciated 3% versus USD and 6% vs Euro in Aug, far outstripping other currencies except the yen. Since Thai export growth has slowed, this accelerating pace of appreciation could be largely explained by capital inflows. Net capital inflows amounted to $2.7bn in July, equaling 0.9% of GDP and on top of Thailand’s current account surplus which is expected to equal 5% of GDP this year. In short, we expect excess demand for baht to persist well into 2011 as the BoT continues to tighten monetary policy while the US keeps monetary policy very loose.
01/09/2010
[ECON]Thailand Macro Watch: Thailand Aug CPI +3.3% Thailand Aug CPI +3.3%YoY, as expected
Announced: 1st September 2010, 10.45 (HKT)
Actual: 3.3%
Previous: 3.4%
Consensus: 3.3%
BofAML: 3.3%%
25/08/2010
[ECON]Thailand Macro Flash: Thailand policy rate up 25bps Thailand policy rate hiked 25bps to 1.75%
Announced: 25th August 2010, 15.30 (HKT)
Actual: up 25bps
Previous: up 25bps
Consensus: up 25bps
Phatra: up 25bps
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