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Chile central bank seen holding rate through next 11 months SANTIAGO: Chile's central bank is expected to keep its benchmark interest rate on hold at its current 3.0 percent through the following 11 months, scaling back expectations, according to the median response of 61 analysts and economists surveyed by the bank in a poll released on Friday. In the bank's prior monthly poll of analysts and economists, released on June 10, those surveyed said they expected a rate hike to 3.25 percent in 11 months.The polling took place between July 3 and 9.Copyright Reuters, 2015 ...

ECB should not provide more liquidity to Greece: Bundesbank FRANKFURT: The European Central Bank should not provide any more emergency liquidity to Greece, the head of the German central bank said on Thursday, calling for any further financial aid to the debt-wracked country to be put up by governments."It needs to be crystal clear that responsibility for further developments in Greece and for any decisions on transferring financial resources lies with the Greek government and the countries providing assistance, not the ECB governing council," ...
Bank of Korea cuts 2015 growth forecast for third time SEOUL: South Korea's central bank cut its 2015 economic growth forecast for the third time this year on Thursday, while keeping its benchmark interest rate unchanged at a record low of 1.5 percent.Citing sluggish exports and weak domestic consumption -- exacerbated by an outbreak of Middle East Respiratory Syndrome (MERS) that has killed 35 people -- the Bank of Korea (BOK) lowered its forecast from 3.1 percent growth to 2.8 percent.The bank had previously cut ...
Polish central bank keeps rates flat, in line with forecasts WARSAW: Poland's central bank on Wednesday kept its benchmark interest rate unchanged at 1.50 percent, in line with the expectations of analysts polled by Reuters. The central bank, which announced in March it was ending an easing cycle, also kept its lombard rate flat at 2.50 percent, the deposit rate at 0.50 percent and the rediscount rate at 1.75 percent. The bank's rate-setting Monetary Policy Council will hold a news conference at 1400 GMT. Copyright ...
Malaysian central bank defends ailing ringgit amid political storm SINGAPORE: Malaysia's central bank intervened for a third successive trading day on Tuesday to support the ringgit currency, traders said, as corruption allegations swirled round Prime Minister Najib Razak, raising doubts over his grip on power.Thanks to Bank Negara's damage limitation, the ringgit has lost only 0.8 percent since the political storm broke on Friday, but it has weakened past an old currency peg of 3.80 per dollar, fixed in September 1998 during the Asian ...
Barclays CEO vacancy will be a headache to fill LONDON: Barclays will struggle to find the right replacement for Antony Jenkins. The UK bank dismissed its chief executive of three years on July 8, and a 3 percent share price jump suggests it was right to do so. But the lender is in a strategic logjam which will make candidates think twice about applying for the job. Jenkins was well-intentioned, but beset by bad luck and ill-starred judgments. In 2013 he reshaped the bank's ...
Bank of Italy liabilities towards other central banks up in June MILAN: The Bank of Italy's liabilities towards other central banks of the euro zone rose in June to 189 billion euros ($207 billion) from 164 billion euros a month earlier, data showed on Tuesday. The Bank of Italy's position within the Target 2 system, which settles cross-border payments in the euro zone, is monitored because its rising can be a sign of financial stress. But seasonal factors also affect it.In December Italy's Target 2 position ...

 



 
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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