TODAY’S TOP ARTICLES – 16 JAN 2015

India: What Rajan Wants From Modi to Keep Cutting India’s Rates
After months of holding India’s interest rates as inflation eased in line with a slump in global oil prices, central bank chief Raghuram Rajan finally cut yesterday in an unscheduled meeting. (Source: Bloomberg)

Poland: Poland’s c.bank says banking sector safe despite Swiss franc surge
Poland’s central bank said on Thursday that Polish banks are stable and resistant despite Swiss franc appreciation. (Source: Reuters)

Switzerland: Swiss franc soars as Switzerland abandons euro cap
The Swiss franc soared as much as 30% in chaotic trade after the central bank abandoned the cap on the currency’s value against the euro.(Source: BBC News)

Peru: Peru central bank surprises with cut to key interest rate
Peru’s central bank surprised the market by cutting the benchmark interest rate 25 basis points to 3.25 percent, following economic growth data for November that came in far below expectations. (Source: Reuters)

Saudi Arabia: Saudi Arabia predicted to cut state spending after oil price fall
Saudi Arabia is forecast to reduce state spending by 18 per cent this year, a clear sign of the impact the slump in crude prices is having on the finances of the world’s largest oil exporter. (Source: FT)

Global: Casualties From Swiss Shock Spread From New York to New Zealand
Loses have mounted after the Swiss National Bank’s decision to abandon the franc’s cap against the euro roiled markets worldwide (Source: Bloomberg)

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

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