Bnewspaper

Friday, Turkey’s statistical office TurkStat announced that the consumer price index or CPI rose 5.73% year-over-year in June, faster than the 5.24% increase in the previous month. Economists were looking for an increase of 5.70%.

The International Monetary Fund on Thursday said a nascent economic recovery appears to be underway in Zimbabwe as a result of improvements in macroeconomic policies.

Friday, reports said citing data released by the Markit Economics that the composite purchasing managers’ index or PMI, a measure of private sector activities in the 16-nation economy, rose more than initially estimated in June.

Eurozone retail sales dropped more than expected in May as fears of rising unemployment dampened households’ spending intentions.

Friday, People’s Bank of China Governor Zhou Xiaochuan said there is a need to pay adequate attention to the micro causes of the current crisis and strengthen regulation.

U.K.’s government net reserves fell $297 million in June to bring the end-June total to $29.76 billion. It compares with $30.06 billion at end-May.

Friday, data released by the Bank of England showed that the housing equity withdrawal was minus GBP8.1 billion in the first quarter of 2009.

Friday, Indonesia’s central bank lowered its key interest rate for the eighth consecutive month to a new low. The Bank Indonesia cut its benchmark rate by 25 basis points to an all-time low of 6.75%. The central bank’s rate cut decision was in line with economists’ expectations.

Friday, Switzerland’s Federal Statistical Office said the consumer price index or CPI dropped 1% year-on-year in June, the same as in May. Meanwhile, the CPI was forecast to fall 1.1%. A year ago, the rate of inflation was 2.9% in June.

Indonesia’s central bank on Friday lowered its key interest rate to 6.75% from 7%, eighth straight month of reduction. The cut was in line with economists’ expectations.