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Mauritius central bank holds repo rate at 4.65pc PORT LOUIS: Mauritius central bank held its key repo rate at 4.65 percent for the ninth straight quarter on Thursday, citing sluggish economic growth. Last month, the statistics office revised its economic growth forecast for this year to 3.8 percent, from its earlier prediction of 4.1 percent, due to slower growth in farming, manufacturing and construction sectors. "The pace of domestic investment has yet to pick up," the central bank's Monetary Policy Committee said in a statement, adding the decision was unanimous.The committee said it was concerned by the potential impact of volatile markets abroad, particularly in China and in Greece, where a drop in stocks and a debt crisis respectively have knocked confidence. It said inflation would decline to 1.5 percent this year before rising to about 3.0 percent next year. Copyright Reuters, 2015 ...

Bank of Canada cuts key lending rate to 0.5 percent OTTAWA: Canada's central bank cut its key lending rate by a quarter-point to 0.5 percent Wednesday in a bid to stimulate an economy that fell into recession in the first half of the year.It is the second time this year that the Bank of Canada has slashed rates to revive the economy -- badly hit by lower global oil prices -- after the central bank sprang a surprise on investors and households in January.The Canadian ...
JPMorgan earnings lifted by lower expenses NEW YORK: JPMorgan Chase earnings edged higher Tuesday, with lower expenses making up for a mixed performance in its various lending operations.Earnings for the second quarter were $6.3 billion, up 5.2 percent from the year-ago period. Revenues fell 3.2 percent to $24.53 billion.The results benefitted from a drop in noninterest expenses with a big decline in this category in the corporate and investment bank business, where the giant bank had lower compensation expenses and simplified ...
Indonesia central bank keeps rates on hold, inflation seen a risk JAKARTA: Indonesia's central bank kept its key reference rate on hold on Tuesday, resisting loosening policy to bolster an economy growing at its weakest pace since the global financial crisis.Bank Indonesia (BI) said interest rates were in line with its inflation targets for this year and next.Southeast Asia's largest economy is wrestling with weak exports and consumption but a frail rupiah and rising inflation has limited the central bank's options to cut rates to spur ...
China bank lending, money supply grew in June: central bank BEIJING: China's bank lending rose in June and the broader money supply also increased, the central bank said Tuesday, as monetary easing measures to boost the world's second-largest economy kick in. Domestic banks extended new loans of 1.27 trillion yuan ($204.5 billion), up from 900.8 billion yuan in May, the People's Bank of China (PBoC) said in a statement. Total social financing -- a broader measure of credit in the economy -- reached 1.86 trillion ...
Kenya's central bank says in market to mop up 21bn shillings NAIROBI: Kenya's central bank said on Monday it planned to mop up 21 billion shillings ($204.88 million) in excess liquidity from the money markets using term auction deposits. The mopping up of liquidity by the bank makes it slightly more expensive for traders to hold dollars, lending support to the shilling. Copyright Reuters, 2015 ...
Bank of England says looking at accepting equities as collateral LONDON: The Bank of England said on Monday that it was looking at how to accept equities as collateral for its market operations, as well as enabling access for banks which operate in line with Islamic law. The BoE already accepts bonds, asset-backed securities and pools of 'raw' loans as collateral. Its executive director for markets, Chris Salmon, said accepting equities would be complex and take until at least next year. Salmon said in a ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln