Argentina: Peso suffers steepest fall since 2002
Amid the measures that the Argentinean government introduced a day ago that restricted online shopping, which added up to other limitations on the purchase of foreign exchange (mainly USD), the BBC News reports that the peso has registered the steepest fall since 2002.
United Kingdom: Bank rate rise not in the agenda
The Bank of England governor Mark Carney announced that a rise in the monetary policy rate is not in the agenda, as The Guardian reports. Carney insisted that this week’s faster than expected fall in unemployment will not lead to an automatic interest rate rise that might choke off the recovery.
Brazil: Brazil official says country’s recovery will surprise markets
Marcio Holland, Brazil’s Secretary of Economic Policy, claims that analysts are too hung up on the weak performance delivered in 2013 and predicts that the economy will grow more than expected this year. Holland argues that higher domestic consumption, agricultural output and investment will drive growth in 2014.
Japan: Abe talks economy, not diplomatic rifts, at Diet opener
The Japan Times reports that Prime Minister Shinzo Abe opened the 150-day ordinary Diet session Friday with a policy speech that reaffirmed his vow to push up wages and expand consumption to make his “Abenomics” economic policy sustainable.