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ECB to monitor risks to inflation outlook closely FRANKFURT: The European Central Bank will keep a close eye on the risks surrounding the outlook for inflation in the euro zone, it said in its monthly bulletin on Thursday, stressing that it stands ready to do more if necessary. As usual, the editorial of the bank's bulletin was virtually identical to its main policy statement, read out by ECB President Mario Draghi last Thursday when the ECB decided to cut its main interest rate yet closer to zero. "The Governing Council, taking into account the measures decided on 4 September, will continue to closely monitor the risks to the outlook for price developments over the medium term," the ECB said in its monthly report. "In this context, the Governing Council will focus in particular on the possible repercussions of dampened growth dynamics, geopolitical developments, exchange rate developments and the pass-through of the adopted monetary policy measures." The ECB also ...

Turkish central bank injects 1bn lira in repo, bids 1.47bn lira ISTANBUL: Turkey's central bank injected 1 billion lira ($456.6 million) into the market in a one-week repo auction on Thursday at fixed simple rate of 8.25, the bank data showed. Total bids for the repo, which matures on September 18, were at 1.47 billion lira. Copyright Reuters, 2014 ...
ECB's Noyer says still need to lower euro PARIS: Bank of France chief Christian Noyer said the European Central Bank had already succeeded in its aim of lowering the euro but that the single currency needed to ease further for the central bank to achieve its inflation target."We succeeded perfectly in what was one of our aims, which we need in order to get back to our inflation target of 2 percent a year: we needed to bring the euro down and we ...
Turkish central bank opens 1 billion lira repo auction ISTANBUL: The Turkish central bank opened a one-week, fixed-rate repo auction on Thursday with a volume of 1 billion lira ($455 million), bank data showed. The repo will mature on Sept. 18.Copyright Reuters, 2014 ...
RBS, Lloyds to move south if Scots vote for independence LONDON: Scotland's two biggest banks have said they would relocate to England if Scots vote for independence next week, adding to the economic uncertainties the country faces if it decides to end its 307-year union with the rest of the UK. The diminished presence of Royal Bank of Scotland (RBS) and Bank of Scotland-owner Lloyds Banking Group, along with other leading financial groups which have also said they might relocate some operations on a "yes" ...
RBS says will move to England in case of independence LONDON: Royal Bank of Scotland will move its registered offices to England if Scotland votes for independence from Britain in next week's referendum, the state-owned lender said on Thursday.In the event of a "Yes" vote in the historic poll on September 18, "RBS believes it would be necessary to re-domicile the Bank's holding company and its primary rated operating entity to England", it said in a statement.Copyright AFP (Agence France-Presse), 2014 ...
Lloyds, RBS to move south if Scots end union LONDON: Scottish-based Lloyds Banking Group and Royal Bank of Scotland will relocate to England if Scotland votes to end its 307-year union with the rest of the United Kingdom. Bank of Scotland-owner Lloyds, which is 25 percent-owned by the British government, said on Wednesday its contingency plans for Scottish independence included setting up "new principle legal entities in England." Separately, government and banking sources said rival Royal Bank of Scotland, 81-percent owned by the government, ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln