November 29, 2019 / 3:45 AM / 3 months ago

Thai November headline inflation rate seen quickening to 0.34%: Reuters poll

FILE PHOTO: A woman walks at the Maeklong market next to the train tracks, on the outskirts of Bangkok, Thailand September 21, 2016. REUTERS/Jorge Silva/File Photo

BANGKOK (Reuters) - Thailand’s annual headline inflation rate in November likely quickened from the previous month, but stayed below the central bank’s target for a sixth straight month, a Reuters poll showed on Friday.

The median forecast of 10 economists was for the headline consumer price index (CPI) to rise 0.34% in November from last year after October’s 0.11% increase.

Earlier in the month, the Bank of Thailand (BOT) said 2019 headline inflation would be less than previous estimate of 0.8%, and below its 1%-4% target range.

The core inflation rate, which strips out energy and fresh food prices, was seen at 0.47% in November, according to the poll. It was 0.44% in October.

On Nov. 6, the BOT cut its policy interest rate THCBIR=ECI for the second time in three months by 25 basis points to a record low of 1.25%. It will next review monetary policy on Dec. 18.

Reporting by Satawasin Staporncharnchai, Editing by Orathai Sriring and Sherry Jacob-Phillips

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