Standard Chartered Bank: BoT likely to keep policy rate on hold at 2.0 pct

Quotes from Standard Chartered

• A second month of negative headline inflation in February has raised market expectations of a BoT rate cut at the 11 March policy meeting.
  
  
• The BoT has asserted that the current negative inflation rate does not signal a deflationary environment. 
  
  
• It sees the decline as a result of falling global oil prices, which will boost the economy via higher  purchasing power.
• Most importantly, the BoT has said repeatedly that the current policy rate of 2.0% is accommodative enough to support a continued economic recovery. 
  
  
• The BoT forecasts that the Thai economy will expand at faster pace of 4.0% in 2015, up from 0.7% in 2014.