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Turkish central bank sells 20 billion lira in repo, bids 30.66bn lira ISTANBUL: The Turkish Central Bank on Friday injected 20 billion lira ($9.42 billion) in a one-week repo auction at a fixed simple rate of 8.75 percent, bank data showed. Bids in the auction were 30.66 billion lira.The repo matures on July 18. Copyright Reuters, 2014 ...

Bank of England says may be case for extra leverage ratio for banks LONDON: The Bank of England said on Friday that big British banks and lenders might need to set aside more capital than planned under global rules being drawn up to prevent a repeat of the financial crisis. Launching a public consultation on a new so-called leverage ratio, the BoE said many financial institutions may have to comply with a requirement to set aside funds on top of a proposed minimum of 3 percent of their ...
No reason to intervene in Portugal's crisis-hit bank BES: PM LISBON: Portuguese Prime Minister Pedro Passos Coelho on Friday ruled out state aid for the country's biggest bank BES, which has seen its shares plummet over fears of its financial health."There is no reason for the state to intervene in a bank which has solid capital and which has a comfortable margin to deal with any eventuality, even the most adverse," he told reporters.Copyright AFP (Agence France-Presse), 2014 ...
Portugal's BES bank puts debt exposure at 1.18bn euros LISBON: Portugal's largest listed bank Banco Espirito Santo (BES), whose shares have plummeted shaking global stock markets, said early Friday its exposure to debt in the Espirito Santo group rose to 1.18 billion euros ($1.6 billion) at the end of June."Banco Espirito Santo awaits the publication of the restructuring plan for the Espirito Santo group in order to be able to estimate the potential losses associated with its exposure," the bank said in a statementLisbon ...
Bank of England holds interest rate at record-low 0.50pc LONDON: The Bank of England announced Thursday that policymakers have voted again to keep its key lending rate at a record-low 0.50 percent, where it has stood since March 2009."The BoE's Monetary Policy Committee (MPC) at its meeting today voted to maintain Bank Rate at 0.50 percent," it said in a brief statement.The central bank added that it also opted to maintain the level of cash stimulus in the economy at £375 billion ($641 billion, ...
Indonesia's central bank keeps rate on hold, says it still fits goals JAKARTA: Indonesia's central bank on Thursday kept its key reference rate unchanged at 7.50 percent as expected.Bank Indonesia (BI) said the decision to keep rates unchanged was consistent with efforts to limit inflation to around 4.5 percent this year and 4 percent next year, and to improve the current account balance.All 11 analysts in a Reuters poll had predicted that BI would keep its policy rate at 7.50 percent for an eighth straight month.The central ...
BOJ may cut this fiscal year's growth forecast: sources TOKYO: The Bank of Japan may slightly cut its economic forecast for the current fiscal year at a quarterly review of its estimates next week, sources familiar with its thinking said, reflecting soft exports and a bigger-than-expected slump in household spending after a sales tax hike in April.But the central bank will roughly maintain its upbeat price projections and stick to its view that the world's third-largest economy will continue a moderate recovery as the ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln