Quotes from Barclays Capital:
-We note that following the recent rebound in oil prices, petrol pump prices in Thailand have already started to recover, now being up 6.8% as of 27 February, from the early-February low. At the same time, we expect core inflation to remain broadly stable in the coming months.
-As a result, and given the BoT's apparent reluctance to respond to the oil-driven fall in headline inflation, our base case remains for no further easing from the BoT. While we still flag the risk of a further cut, we think this would require a material weakening in economic activity or in demand-side inflationary pressures.