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Thailand: Bonds confirm Thai rate cut cycle near its end.
Section: Stocks - Thai headline CPI fell 0.9% in April, slightly above consensus of -1.2% and our projection of -1.1% amid higher than expected rise in food price. Looking ahead, while Thai CPI would reach the cycle trough in July at about -4%, risk on CPI is on the upside. Recently, local fuel price rose faster than international price. It is therefore more difficult to obtain precise projection of energy inflation if this trend continues. Thai central …
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