SET Index plummeted further yesterday. Amid several negative factors, investor confidence fell and trading value was thin. Without fund inflow or new positive factors, SET Index is not rebounding soon. Trade war concern is rising, while the BOE cut the interest rate by 0.25% to 4.5%. Thailand’s inflation in January was 1.32%yoy (slightly above projection), so real interest rate dropped to +0.93%. As long as inflation is high, interest rate cut is less likely