The Thai baht is tumbling

The Thai baht is tumbling after the Bank of Thailand kept rates unchanged.
The currency is down by 0.6% at 34.991 per dollar as of 2:12 p.m. ET.
Most economists polled expected the bank to keep its policy rate unchanged at 1.50%, according to Bloomberg.
"With Thailand’s economy looking stronger than it has done for a while, there is no strong impetus for an immediate rate cut," wrote Capital Economics Asia Economist Krystal Tan in a note.
"That said, we see scope for the policy rate t