TODAY’S TOP ARTICLES – 08 AUG 2014

Peru: Peru’s Central Bank Surprises by Holding Key Rate Steady
Peru’s central bank on Thursday held the benchmark interest rate steady at 3.75 percent but said it will soon loosen reserve rules, despite expectations it would opt for a second straight monthly rate reduction to counter sluggish economic growth. (Source: Reuters)

China: China Seen Pushing Back Timetable to Free Yuan
China is quietly pushing back its timetable to make the yuan freely convertible, as authorities fear removing capital controls too soon could unleash damaging speculative flows that will make it harder to reshape the economy. (Source: The Global Times)

Japan: BOJ Holds Stimulus as Weaker Economy Challenges Kuroda
The Bank of Japan kept its stimulus program unchanged at the 8 August policy meeting, challenging recent economic data that point to a weak growth momentum. (Source: BusinessWeek)

Australia: Yours, Joe!’ RBA Calls Out Hockey’s Economic Outlook
The Reserve Bank today downgraded Australia’s economic outlook for the current financial year, mainly due to a deterioration in mining investment. However, the Bank has a more optimistic view of GDP growth in the long term. (Source: The Sidney Morning Herald)

United Kingdom: UK Interest Rates Held at Record Low of 0.5% for Another Month
At its monetary policy meeting held on 7 August, the Bank of England kept the Bank Rate unchanged at 0.50% and the purchase of assets at GBP 375 bn. The minutes of the meeting will be released on 20 August. (Source: BBC)

For the latest economic indicators from around the world, please visit us at Focus-Economics.com.

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