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Thailand's inflation rate may increase as oil prices surge after Saudi drone attacks

13 Sept 05:57 Key points summarised by AI

Saudi drone attacks are projected to increase Thailand's 2019 inflation rate by 0.3% due to anticipated surges in global crude oil prices.
Kasikorn Research Center outlines two scenarios: a short-term oil price spike without Saudi retaliation would modestly raise Q4 inflation by 0.05%.
Conversely, military retaliation could sustain high oil prices (Brent crude at $70-80/barrel), potentially doubling Thailand's Q4 inflation projection to 1.48% and raising the annual rate to 1.08%.
The September 14, 2019, attacks on Saudi Arabia, the world's largest oil producer, sparked widespread investor concern over global oil supply disruptions.

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.