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Malaysia central bank holds rates steady, sees steady growth path KUALA LUMPUR: Malaysia's central bank kept its key interest rate unchanged at 3.25 percent on Thursday, holding off from a second tightening in less than three months after recent signs of a slowdown in exports and credit growth.A Reuters poll earlier this week showed analysts were evenly split between whether Bank Negara would hold the policy overnight interest rate MYINTR=ECI rate steady or raise it to 3.50 percent."The prospects are for the Malaysian economy to remain on a steady growth path" Bank Negara's monetary policy committee said in a statement.Malaysia's economic growth has been underpinned by strong exports and robust consumer spending in the first half, with second-quarter gross domestic product growing a healthy 6.4 percent from a year earlier.But since then credit growth has slowed, with a rise of 8.6 percent in July compared with 9.3 percent in June, and economists expect the pace of loans to moderate further.Malaysia's ...

SNB says ready for 'immediate' action as deflation risks resurface ZURICH: The Swiss National Bank toughened its stance on Thursday on defending a cap on the franc which has come under pressure from recent appreciation in the currency, but stopped short of announcing further measures for now.In a statement that also flagged deflation risks and slower growth, the central bank said it would make unlimited currency interventions and stood ready to take more steps "immediately" if needed to defend the three-year-old cap at 1.20 per ...
Bank of Cyprus sells UK loan portfolio NICOSIA: Cypriot lender Bank of Cyprus has agreed to sell a UK loan portfolio to Mars Capital Finance and Camael Mortgages for 361 million euros ($465 million), it said on Thursday. The loan portfolio is largely composed of residential and commercial real estate-backed facilities, Bank of Cyprus said in a statement. It was part of a wider UK loan portfolio transferred to the group after its acquisition of now-defunct Laiki Bank in March 2013 and ...
SNB keeps cap on franc, stands ready to take further measures ZURICH: The Swiss National Bank kept its cap on the franc at 1.20 per euro on Thursday, reiterating its commitment to defend the limit with currency interventions and take further measures immediately if necessary. It kept its target range for the three-month Libor at 0.00-0.25 percent, as analysts polled by Reuters all expected. The Swiss franc has strengthened towards the 1.20 threshold in recent weeks, fanning speculation about whether the central bank might take action ...
Indonesia central bank introduces new rules in bid to deepen FX trading JAKARTA: Indonesia's central bank on Thursday introduced a set of rules for foreign exchange trading in a bid to encourage more derivative trading and deepen the market. Four new regulations issued on Thursday included changes in the rules for forward or option FX transactions.From now on, all customers doing a transaction above $1 million must provide underlying documentation. Until now, they have only had to provide such a document to roll over a transaction. Bank ...
BoJ's Kuroda says ready to act if price target threatened TOKYO: Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank will not hesitate to adjust monetary policy if risks threaten the achievement of its price target. He also said the world's third-largest economy will continue recovering moderately with the pain from a sales tax hike in April seen gradually subsiding. "Exports will gradually increase reflecting improvements in the global economy," Kuroda told an annual meeting of securities firms. Data released on Thursday ...
Turkish central bank opens 3bn lira repo auction ISTANBUL: The Turkish central bank on Thursday opened a one-week, fixed-rate repo auction with a volume of 3 billion lira ($1.35 billion), bank data showed. The repo matures on Sept. 25.Copyright Reuters, 2014 ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln