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Thailand : Inflation, Exchange rates
3.30.8 Inflation % 5-year moving average 6_ 4_ 0_J -2- 2008 2009 2010 2011 2012 2013 2014 Forecast Source: Asian Development Outlook database. 3.30.9 Exchange rate B/$ 28_ 30_ 32_ 34_ 36_ 38_- 1 Apr 2013 Jan Jan Jan Jan Jan 2008 2009 2010 2011 2012 Source: Bloomberg (accessed 23 March 2013). 3.30.8 Inflation % 5-year moving average 6_ 4_ 0_J -2- 2008 2009 2010 2011 2012 2013 2014 Forecast Source: Asian Development Outlook database. 3.30.9 Exchange rate B/$ 28_ 30_ 32_ 34_ 36_ 38_- 1 Apr 2013 Jan Jan Jan Jan Jan 2008 2009 2010 2011 2012 Source: Bloomberg (accessed 23 March 2013).
Thailand : Inflation, Exchange rates
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Modest inflation—slightly above 3%—is projected for the forecast
period (Figure 3.30.8). The government has extended a tax exemption on
diesel fuel into 2013 and is expected to maintain controls o...
n a range of
consumer items. Global prices of oil and other commodities look likely
to remain broadly stable. Rising domestic wages are anticipated to have a
modest impact on inflation, which averaged 3.1% in the first 3 months of
this year.
Monetary policy is expected to remain accommodative to growth
for some time in light of low inflation and strong capital inflows. Higher
government borrowing for public investment will likely drain some
excess liquidity from the banking system. The monetary authorities have
indicated they stand ready to take macroprudential measures to manage rising household debt if consumer lending continues at the high rate seen
in 2012. The baht appreciated by 4.5% against the US dollar in the first
3 months of 2013 (Figure 3.30.9).
Source: Bloomberg (accessed 23 March 2013)., Asian Development Outlook Database
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