Thailand: Thailand Holds Key Rate a Third Time as Growth Outlook Improves
The Thai Central Bank decided to keep its key interest rate on hold at its meeting on 6 August. This is the third consecutive meeting in which the Bank keeps the rate unchanged as the military coup ended months of political unrest and consumer sentiment is reaching record highs. The Bank is confident that the economy is going to recover in the second half of this year mainly due to a rebound in raw-material exports and factory output. (Source: Bloomberg)
United Kingdom: UK House Prices See 10.2% Annual Rise, Says the Halifax
UK house prices in July were up 10.2% from a year earlier – the biggest annual change since September 2007, according to the Halifax (Source: BBC News).
Brazil: Brazil is Far from Stagflation: Central Bank
Brazil is far from stagflation, central bank chief Alexandre Tombini said on Tuesday, forecasting the economy will pick up speed and inflation will ease in coming months (Source: Reuters).
Emerging Markets: Emerging Markets Activity Slows Slightly in July
The HSBC Emerging Markets Index, based on different PMI surveys, declined from 52.3 in June to 51.7 in July. (Source: RTT News)
Canada & European Union: Canada-EU Free Trade Deal May Pave Way for US Agreement
Canada and the European Union have agreed the final text for a free trade agreement that could provide a blueprint for a US-EU trade deal. (Source: BBC)