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Kenyan central bank says in market to mop up 6bn shillings NAIROBI: The Central Bank of Kenya said on Friday it intended to mop up 6 billion shillings ($69.32 million) in excess liquidity from the money markets using term auction deposits.By removing excess liquidity from the market, the central bank makes it more expensive to hold onto long dollar positions, which in turn helps strengthen the shilling. Copyright Reuters, 2014 ...

Deutsche Bank manager suspended in forex probe: report FRANKFURT: Deutsche Bank, Germany's biggest lender, has suspended a top saleswoman in an investigation into suspected foreign exchange rate manipulation, the Wall Street Journal reported on Thursday. Quoting a person familiar with the matter, the newspaper said that the director of sales at Deutsche Bank in London was placed on leave last month after the German bank found what it regarded to be inappropriate communication between her and the central bank of Singapore. Responding to ...
Bank of England holds key interest rate at 0.5pc LONDON: The Bank of England will stick with its record-low interest rate and amount of stimulus to support the economy, it said on Thursday amid easing inflation and solid growth for Britain."The Bank of England's MPC (monetary policy committee) at its meeting on 9 April voted to maintain Bank Rate at 0.50 percent," it said in a statement."The committee also voted to maintain the stock of purchased assets financed by the issuance of central bank ...
Turkish central bank sells 5bn lira in repo, bids 7.82bn lira ISTANBUL: The Turkish central bank injected 5 billion lira ($2.38 billion)into the market in a one-week repo auction on Thursday at a fixed simple rate of 10 percent, data showed. Bids totalled 7.82 billion lira for the repo, which matures on April 17. Copyright Reuters, 2014 ...
Deutsche Bank seeks shareholder approval for bonus increase FRANKFURT: Deutsche Bank will ask shareholders to approve raising limits on executive bonuses for 2014 as required by new European rules, according to an agenda for the bank's annual shareholder meeting to be held on May 22. European Union rules say that bankers' bonuses cannot exceed the annual fixed salary, or twice that if shareholders approve, to curb the sort of excessive risk-taking blamed for the 2008-09 financial crisis. Deutsche Bank said it did not ...
BoJ to project inflation to sustain near price goal for two years TOKYO: The Japanese economy is likely to produce sustained inflation of around 2 percent for at least two years from the middle of 2015, the Bank of Japan's latest projections will show, sources familiar with the central bank's thinking said. The upbeat estimate would underscore the central bank's conviction that Japan is on track to meet its 2 percent price goal by April next year, and reinforce the view that no imminent easing is on ...
PBOC injects net 55bn yuan for week, first net injection since late Jan SHANGHAI: China's central bank will drain 114 billion yuan ($18.39 billion) from the money markets through forward bond repurchase agreements on Thursday, traders said, meaning it will inject a net 55 billion yuan into the market this week.That will mark the first time it has injected funds on a net basis since the end of January.The People's Bank of China (PBOC) drained funds by issuing 70 billion yuan worth of 14-day repos and 44 billion ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln