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Peru seen leaving interest rate the same due to price pressure LIMA: Peru's central bank will hold its benchmark interest rate at 3.25 percent on Thursday to avoid stoking seasonal inflation risks at a time of anaemic economic growth, said a majority of analysts polled by Reuters. Fourteen out of the 16 foreign and local economists surveyed said the central bank would leave the key rate unchanged for the third month in a row. The remaining two forecast a 0.25 percent rate cut to boost growth. Consumer prices in Peru rose 0.76 percent in March, pushing the annual rate to 3.02 percent, fractionally above the upper limit of the central bank's 1 percent to 3 percent target range, after torrential rains and landslides squeezed food supplies. "While inflation expectations remain anchored around the target range, the pace of short-term inflation was pushed up by short-term factors, and will continue at that pace in April, leaving less space for a new monetary ...

BoJ to maintain stimulus but with waning conviction of success TOKYO: Bank of Japan policymakers will likely vote on Wednesday to continue their asset-buying spree launched two years ago, but with waning conviction of success as inflation slows further from their ambitious 2 percent target and the economy struggles. When it launched its massive stimulus programme in April 2013, the BoJ pledged to achieve 2 percent inflation in roughly two years in a country mired in 15 years of deflation. With the deadline having passed, ...
India's RBI keeps rates on hold MUMBAI: India's central bank kept interest rates unchanged Tuesday, saying most commercial banks have yet to pass on two previous cuts to customers in Asia's third largest economy.After meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said the benchmark repo rate -- the level at which it lends to commercial banks -- would remain unchanged at 7.50 percent.The RBI's decision to hold rates had been widely anticipated by economists who said ...
India central bank official calls for caution on foreign investor debt limits MUMBAI: India needs to proceed cautiously in fully opening up its debt markets to foreign investors, given the need to first tackle issues such as the large government borrowing and capital controls, executive director G. Padmanabhan said in a speech last week.Padmanabhan also raised concerns over the unhedged foreign currency exposure by Indian borrowers in offshore debt, saying it raised "systemic concerns."The executive director, whose last day at the RBI is at the end of ...
Turkish central bank says opens 7bn lira repo auction ISTANBUL: Turkey's central bank opened a one-week, fixed-rate repo auction on Monday with a volume of 7 billion lira ($2.73 billion), bank data showed.Copyright Reuters, 2015 ...
Ukraine central bank offers to sell dollars at 23.5 hryvnias, buy at 21.5 KIEV: Ukraine's central bank said on Monday it was offering to sell dollars at 23.50 hryvnias and buy at 21.50 as part of regular interventions to keep the domestic currency stable.The bank held its main interest rate at 30 percent last week and warned of a further risk of depreciation and high inflation.The hryvnia lost 50 percent in value against the dollar in February but has since stabilised after the bank hiked rates, launched interventions ...
Serbia's central bank buys 50mn euros to stem dinar gains BELGRADE: Serbia's central bank bought 50 million euros on Friday to rein in the dinar, a day after it purchased 10 million euros, as euro liquidity and sales of high-yield dinar-denominated debt bolstered the currency. In a statement, the central bank, which has so far in 2015 bought 320 million euros, said it intervened to "mitigate daily oscillations of the exchange rate." "The central bank will in the future maintain activities to secure unimpeded functioning ...


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
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Arrow Sensex 27,437.94 1.07

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln