HSBC Global Research's latest report has stressed the country's potential upgrade this year to emerging market status.

The Bank of Thailand (BoT) kept its key interest rate unchanged at a meeting on August 21 as widely expected, despite a sluggish economy and uncertain fiscal policy after the Constitutional Court removed Prime Minister Srettha Thavisin from office last week.

Prices of gold, real estate and stocks would be pushed up by the US Fed’s decision to reduce interest rates, a move that tends to make the US dollar lose value against other foreign currencies.