The central bank clearly stated that the monetary policy will continue to be accommodating this year.
There is a very slight improvement in Thailand's growth and low inflation, but against this backdrop, the Bank of Thailand is likely to keep the monetary conditions accommodating.
The central bank clearly stated that the monetary policy will continue to be accommodating as downside risk to growth from external conditions continues, as discussed in the last Monetary Policy Committee meeting.
"We believe the BoT is likely to keep rates unchanged through 2016, with a bias for a weaker exchange rate. However, if the THB were to appreciate materially, we would not rule out the possibility of rate cuts aimed at weakening the currency," said Barclays in research note.