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Kenya central bank says seeks to mop up 6bn shillings NAIROBI: Kenya's central bank sought to mop up 6 billion shillings ($69.24 million)in excess liquidity from the market on Tuesday. The bank has frequently drained liquidity over the past few weeks after overnight borrowing rates tumbled. The falling overnight rate made it cheaper for banks to fund long dollar positions and put pressure on the shilling. The central bank mopped up 10.9 billion shillings ($125.8 million) on Monday. Copyright Reuters, 2014 ...

Turkish central bank opens 5bn lira repo auction ISTANBUL: Turkey's central bank opened a one-week repo auction on Tuesday with a volume of 5 billion lira ($2.37 billion) at a fixed rate of 10 percent. The repo will mature on April 15.Copyright Reuters, 2014 ...
Indonesia central bank holds rates steady as pressures ease JAKARTA: Bank Indonesia kept its benchmark reference rate steady for a fifth straight month, as expected, helped by a narrowing in the country's current-account deficit. Southeast Asia's largest economy appears to have turned a corner this year as confidence returns to the rupiah on signs the economy is improving. Its trade balance reverted to surplus in February and inflation has continued to moderate. Analysts expect policymakers will likely keep policy unchanged for now as inflation ...
BOJ's Kuroda sees no need to ease but won't hesitate if needed TOKYO: Bank of Japan Governor Haruhiko Kuroda said on Tuesday there is no cause now for the central bank to ease monetary policy further but reiterated that he stands ready to increase stimulus to the economy if warranted."Japan is making steady progress towards 2 percent inflation. I don't think there is a need to take additional measures now," Kuroda told a news conference after the BOJ left policy unchanged, as expected."It is not appropriate to ...
French central bank sees Q1 growth of 0.2pc PARIS: France's economy grew 0.2 percent in the first quarter, the central bank said on Monday, standing by its first two estimates. That marked a slight slowdown from the fourth quarter of 2013, when the euro zone's second-largest economy grew 0.3 percent.The national statistics agency INSEE estimated last week that France eked growth of only 0.1 percent in the first three months of the year.The Bank of France gave its forecast in its monthly business ...
PBOC to drain 63bn yuan via repos SHANGHAI: China's central bank will drain 63 billion yuan ($10.14 billion)from the money markets through forward bond repurchase agreements on Tuesday, traders said. The People's Bank of China (PBOC) issued 47 billion yuan worth of 14-day repos and 16 billion yuan in 28-day repos.Maturing repos will inject a net 232 billion yuan into the banking system this week. The People's Bank of China (PBOC) conducted a net drain of 62 billion yuan from the banking ...
Bank of Korea to hold rates for 11th month under new governor SEOUL: South Korea's central bank is likely to keep rates steady on Thursday as it monitors low local inflation, a slowdown in China and geopolitical tensions around Ukraine.All 31 analysts polled by Reuters forecast the Bank of Korea will keep its base rate at 2.50 percent for an 11th straight month at its monetary policy meeting on April 10, under the new leadership of Governor Lee Ju-yeol.A majority of respondents said they could not see ...


Index Closing Chg%
Arrow DJIA 16,912.29 0.73
Arrow Nasdaq 4,791.15 0.90
Arrow S&P 1,995.83 0.80
Arrow FTSE 6,336.35 0.16
Arrow DAX 9,970.40 0.68
Arrow CAC-40 4,667.34 0.14
Arrow Nikkei 18,322.98 0.75
Arrow H.Seng 22,515.76 3.13
Arrow Sensex 27,035.85 0.38

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln