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Benchmark China money market rate opens lower after confirmation of PBOC cash injection SHANGHAI: China's benchmark money market rate opened sharply lower on Monday after a top Chinese state-owned bank executive confirmed that the central bank has injected money into the banking system via a policy tool known as Standing Lending Facility (SLF).The seven-day bond repurchase agreement opened at 3.15 percent, down from 3.34 percent at the close on Friday. The opening rate is often guided by the central bank and does not necessarily indicate liquidity conditions in the market.The central People's Bank of China has issued 500 billion yuan ($81.4 billion) worth of three-month loans to the country's five biggest banks, state news agency Xinhua quoted China Construction Bank Chairman Wang Hongzhang as saying on Friday. Copyright Reuters, 2014 ...

Nigerian interbank rates ease on improved liquidity LAGOS: Nigeria's interbank lending rates eased to an average of 10.37 percent this week, compared with 10.62 percent a week earlier, with markets expecting a liquidity boost from monthly government budgetary disbursement. Traders said though market liquidity was hit by large cash outflows to bond auction and open market operation (OMO), resulting in an outflow of about 220 billion naira ($1.35 billion), the market closed with a surplus of about 200 billion in cash on ...
Ghana inflation to ease to roughly 9.5pc in 2015: central bank ACCRA: Ghana expects inflation to ease to 9.5 percent, plus or minus two percentage points, by the second half of 2015 from a four-year high of 15.9 percent in August, central bank governor Henry Kofi Wampah said on Friday. He told Reuters the inflation rate would fall as the Bank of Ghana maintains its tight monetary policy stance, aided by government stabilisation efforts and a boost in foreign exchange liquidity.On Wednesday, the bank maintained its ...
BoE says its bond-buying failed to boost bank lending LONDON: The Bank of England's 375 billion pounds ($612 billion) of stimulus pumped into Britain's financial system did not boost bank lending, research from the central bank showed on Friday, although it helped turn the economy round in other ways.The BoE launched its bond buying programme in March 2009 during the nadir of Britain's worst post-war recession, and at the time said it might make banks more willing to lend to companies and households.New research ...
Turkish central bank injects 25bn lira in repo, bids 43.55bn ISTANBUL: Turkey's central bank injected 25 billion lira ($11.25 billion) into the market in a one-week repo auction on Friday at a fixed simple rate of 8.25 percent, bank data showed. Total bids for the repo, maturing on Sept. 26, amounted to 43.55 billion lira.Copyright Reuters, 2014 ...
BoJ's Kuroda sees no problem with current FX moves CAIRNS: Bank of Japan Governor Haruhiko Kuroda said on Friday he saw no problem with recent currency moves as the dollar scaled a six-year high versus the yen due to growing expectations for higher interest rates in the United States. Kuroda declined, however, to comment on whether yen weakness was good for Japan's economy or whether the yen's fall was too rapid, which is a slight shift in tone from his statements in recent weeks ...
Malaysia central bank holds rates steady, sees steady growth path KUALA LUMPUR: Malaysia's central bank kept its key interest rate unchanged at 3.25 percent on Thursday, holding off from a second tightening in less than three months after recent signs of a slowdown in exports and credit growth.A Reuters poll earlier this week showed analysts were evenly split between whether Bank Negara would hold the policy overnight interest rate MYINTR=ECI rate steady or raise it to 3.50 percent."The prospects are for the Malaysian economy to ...

 



 
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Banking Review 2013


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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln