Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Macroeconomics

United states & Thailand / Macroeconomics

<ul><li>The consensus estimates Thai inflation at 7.95% YoY in August vs. +7.61% YoY in July.</li><li>If the inflation figure is as high as expected, the MPC may raise interest rates by 0.25% to 1.00% in its meeting on September 28, 2022.</li><li>We expect the potential rate hike in September to be the last one for 2022E given the softening of inflationary pressure after oil prices peaked out and the end of the low base effect from September onward.</li></ul>

The consensus estimates Thai inflation at 7.95% YoY in August vs. +7.61% YoY in July.If the inflation figure is as high as expected, the MPC may raise interest rates by 0.25% to 1.00% in its meeting on September 28, 2022.We expect the potential rate hike in September to be the last one for 2022E given the softening of inflationary pressure after oil prices peaked out and the end of the low base effect from September onward.

High August CPI May Prompt MPC to Hike Rates