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ECB holds fire on rates again FRANKFURT: The European Central Bank kept its gunpowder dry again on Thursday, holding its key interest rates unchanged for the fifth month in a row. The ECB left its central "refi" or refinancing rate unchanged at 0.25 percent at its monthly policy meeting, it said in a statement.The central bank also held its other two key rates -- the marginal lending rate and the deposit rate -- unchanged at 0.75 percent and zero percent respectively. The ECB last pared back eurozone borrowing costs in November.And while few ECB watchers had been betting on a further cut this month, there is still some expectation that the central bank may ease monetary conditions in the 18 countries at some point to ward off the spectre of deflation. For the time being, ECB officials reject suggestions that the euro area is in danger of slipping into deflation -- the destructive spiral of falling ...

JP Morgan says processing payment from Russian embassy MOSCOW: US bank JP Morgan said on Thursday it would process a payment from Russia's embassy in Kazakhstan to Russian insurance agency Sogaz after blocking it earlier this week over Ukraine-related US sanctions."Following consultation with our regulators, we are processing this transaction," the bank said in a statement. Russia's Foreign Ministry accused the bank on Tuesday of "illegally" blocking a payment from one of its embassies to an insurance agency "under the pretext of anti-Russian ...
ECB to hold fire on rates despite slow inflation: analysts FRANKFURT: The European Central Bank is not expected to cut its key interest rates on Thursday, even though inflation in the euro area slowed sharply last month, analysts said. The ECB has held eurozone borrowing costs at their current all-time lows since November.But no further monetary easing appears to be on the cards at the regular monthly meeting of the policy-setting governing council, given recent data suggesting the tentative recovery of the region's economy might ...
Turkish central bank opens 23bn lira repo auction ISTANBUL: Turkey's central bank opened a one-week repo auction on Wednesday with a volume of 23 billion lira ($10.76 billion) at a fixed rate of 10 percent. The repo will mature on April 9. Copyright Reuters, 2014 ...
Greece to return to markets for medium-term loans by June: reports ATHENS: Greece, fighting to emerge from bailouts which began in 2010, will try to return to borrowing normally on the medium-term debt mark by June, Greek press reports said on Wednesday citing the finance minister.This is some months earlier than had been expected."We are going to try to issue small bonds" with a life of three or five years "in the first half of 2014", the Ana news agency reported, citing Finance Minister Yannis Stournaras.He ...
Moscow threatens US retaliation over blocked funds transfer MOSCOW: Moscow on Wednesday threatened retaliatory action against US diplomats after US bank JP Morgan blocked a transfer of funds carried out by a Russian envoy.Russia considered as "unacceptable, illegal and absurd the decision of JP Morgan Chase bank to block the transfer by the Russian ambassador in Astana to insurance company Sogaz," said Alexander Lukashevich, a spokesman for the Russian foreign ministry.The move was carried out "under the pretext of anti-Russian sanctions introduced by ...
Russia central bank sells $22.3 billion and 2.3 billion euros in March MOSCOW: Russia's central bank has sold $22.3 billion and 2.3 billion euros in forex interventions in March to support the rouble, it said on Wednesday. The Russian central bank has spent $41.1 billion since the beginning of the year to support the national currency, hit by the US Federal Reserve curtailing its stimulus programme and Russia's annexation of Crimea peninsula. Since the beginning of the year, the rouble has lost almost 7 percent against the ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln