0433 GMT - The Bank of Thailand could deliver rate cuts every quarter this year, says J.P. Morgan economist Jin Tik Ngai in a note. Headline inflation rose 1.1% on year in February, while core CPI rose 1.0%. Although the inflation print was in line with the bank's expectations, J.P. Morgan lowers its 2025 headline inflation projection to 0.8% from 1.0%. This is due to a recent downshift in oil prices, which could push prices to below the BOT's 1%-3% target for most of the year, he writes. Besides tariff-led growth concerns, below-target inflation could also strengthen the case for additional policy easing, he says. J.P. Morgan continues to pencil in another 75 bps of rate cuts, once every quarter, taking the policy rate to 1.25% from 2.0%. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 10, 2025 00:33 ET (04:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。