POLL-Thai October inflation rate seen steady at 0.31%

reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=THCPI%3DECI poll data

Oct headline CPI seen +0.31% y/y vs Sept's +0.32%

Oct core CPI seen +0.44% y/y vs Sept's +0.44%

CPI data due Friday, Nov. 1, around 0330 GMT

BANGKOK, Oct 30 (Reuters) - Thailand's annual inflation rate in October is expected to be steady from the previous month and stay below the central bank's target range for a fifth straight month, a Reuters poll showed on Wednesday.

The median forecast of 10 economists was for the headline consumer price index (CPI) to increase 0.31% in October from a year earlier, little changed from September's 0.32% rise.

The Bank of Thailand (BOT) has forecast 2019 inflation of 0.8%, against its 1%-4% target range.

According to the poll, the core inflation rate, which strips out energy and fresh food prices, was seen at 0.44% in October, the same as in September.

On Sept. 25, the BOT left its benchmark interest rate THCBIR=ECI unchanged at 1.50%, after surprisingly cutting it in August. It will next review monetary policy on Nov. 6.

(Reporting by Satawasin Staporncharnchai Editing by Orathai Sriring and Shounak Dasgupta)

((orathai.sriring@tr.com; +662 6489729; Reuters Messaging: orathai.sriring.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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