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Kenya's central bank says in market to mop up 19bn shillings NAIROBI: Kenya's central bank said it was seeking to mop up 19 billion shillings ($194.67 million) in excess liquidity from the market on Tuesday.The bank normally uses liquidity management as a tool of stabilising the foreign exchange rate by making it slightly more expensive for traders to bet against the shilling.Copyright Reuters, 2015 ...

Australia's central bank keeps interest rates on hold SYDNEY: Australia Tuesday kept interest rates at 2.0 percent after slashing them to a record low last month, and called for a weaker currency to help counter a sluggish economy struggling with soft business spending.The Reserve Bank of Australia has been loosening monetary policy as the country exits an unprecedented China-driven mining investment boom and non-resources industries strain to fill the gap.Despite not cutting rates further, it signalled a mild easing bias after its monthly ...
India's central bank cuts key interest rate to 7.25pc MUMBAI: India's central bank cut interest rates for the third time this year on Tuesday in a bid to further spur Asia's third-largest economy, with inflation well below its target level.The Reserve Bank of India (RBI) lowered the benchmark repo rate -- the level at which it lends to commercial banks -- by 25 basis points to 7.25 percent with immediate effect.It was in line with analysts' expectations and marked the RBI's third cut in ...
India's central bank seen cutting rates for 3rd time this year MUMBAI: The Reserve Bank of India is set to cut interest rates on Tuesday for the third time this year as inflation has eased enough to allow the central bank to provide more help for an economy seen struggling with patchy economic growth. India is the fastest-growing major economy in the world, outstripping China, but economists say the data is not consistent with other indicators showing slack in Asia's third largest economy. A Reuters poll ...
HSBC plans thousands of job cuts: report LONDON: Scandal-hit global bank HSBC plans to cut thousands of jobs across its global operations, broadcaster Sky News reported on Tuesday.The number of job cuts has yet to be finalised, but "insiders said that it was likely to be between 10,000 and 20,000", Sky reported.The cuts to be announced by chief executive Stuart Gulliver at an investor update on June 9 would be implemented by 2017, according to the report.A spokeswoman for the bank, which ...
Citigroup to close Banamex USA: report NEW YORK: Citigroup bank is expected to close the US unit of its Mexican banking subsidiary Banamex after it was accused of weak money-laundering controls, the Wall Street Journal reported Sunday.Based in Century City, California, Banamex USA specializes in moving money across the US border into Mexico. The bank is undergoing probes related to its anti-money laundering controls, people familiar with the matter told the Journal.Citigroup has raised the idea of closing Banamex with regulators ...
Peru's central bank loosens local currency reserve rate again LIMA: Peru's central bank said on Sunday it was cutting its local currency bank reserve requirements by 50 basis points to 6.50 percent, effective June 1, to boost liquidity of soles in the money market and spur credit growth. The central bank has gradually lowered the reserve floor for deposits in soles from 30 percent in mid 2013 as part of a raft of measures aimed at reducing commercial banks' lending in US dollars. "This ...

 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln