There is a very slight improvement in Thailand's growth and low inflation, but against this backdrop, Bank of Thailand is likely to keep the monetary conditions accomodative.

The central bank clearly stated that the monetary policy will continue to be accomodative as downside risk to growth from external conditions continue, as discussed in last MPC 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", says Barclays in research note.