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The Reserve Bank of Australia announced Tuesday that it has opted to reduce the benchmark interest rate by a quarter-point to a new record-low to help the economy counter the impact of a fading mining boom. The Reserve Bank Board decided to cut the cash rate by 25 basis points to a record low of 2.50 percent, effective August 7. The decision was in line with expectations.

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The European Central Bank stands ready to reduce interest rates further if inflation outlook warrants, ECB Executive Board Member Peter Praet said in a paper published on Tuesday.

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Albania's consumer prices rose annually in July, data released by the Institute of Statistics showed on Tuesday.

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New Zealand will on Wednesday release unemployment data for the second quarter of 2013, highlighting a modest day for Asia-Pacific economic activity.

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The total number of owner-occupied housing loans in Australia climbed a seasonally adjusted 2.7 percent on month in June, the Australian Bureau of Statistics said on Wednesday - standing at 51,001.

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New Zealand saw a seasonally adjusted unemployment rate of 6.4 percent in the second quarter of 2013, Statistics New Zealand said on Wednesday.

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Luxembourg's inflation slowed in July, after an acceleration in June, data released by the statistical office STATEC showed on Wednesday.

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Bank of England on Wednesday issued an explicit guidance on the future conduct of monetary policy.

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Taiwan's export growth slowed much more than expected in July, data released by the Ministry of Finance revealed on Wednesday.

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Ireland's factory production rose in June, after falling in the previous five months, data released by the Central Statistical Office showed on Wednesday.

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