Commerzbank economists report that Thailand's September CPI rose 2.8% year-on-year, below consensus but the highest since April, bringing headline inflation close to the upper end of the Bank of Thailand's target range. The economists expect headline inflation to rise further on persistent supply-side pressures, though they view demand-side forces as benign. USD/THB fell to 33.62, but downside risks to the Baht remain elevated.
Commerzbank AGThai inflation near BoT target upper bound and persistent supply-side pressures keep downside risks on the Baht elevated.
