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BoJ has many policy easing options if needed NEW YORK: The Bank of Japan has many tools available if it were to ease monetary policy further, Governor Haruhiko Kuroda said, adding that the Japanese government bond (JGB) market is a "huge" one among various financial assets the central bank can tap."There are many options available, and if necessary we will not hesitate to make any necessary and appropriate" moves to achieve the the BoJ's 2 percent inflation target, Kuroda told the Economic Club of New York on Wednesday."In Japan there are so many financial assets to be purchased by a central bank. We have been purchasing long term government bonds," as well as risky assets such as corporate bonds and exchange-traded funds, he said."The JGB market is huge," he added.Kuroda maintained his optimistic view on the economy, saying that it will continue to recover moderately as the pain from a sales tax hike in April on household spending ...

National Australia Bank says UK charges to hit FY earnings SYDNEY: National Australia Bank Ltd warned on Thursday its full-year cash earnings will fall as much as 14 percent due to almost A$1 billion ($881.4 million) in higher charges from its troubled UK business. NAB, Australia's fourth-largest bank by market value, said it would post annual cash earnings of A$5.1 billion to A$5.2 billion, compared with an average estimate of A$6.2 billion from 16 analysts polled by Thomson Reuters and a record cash profit of ...
PBOC drains 20bn yuan via repos, injects 26bn yuan for week SHANGHAI: China's central bank will drain 20 billion yuan ($3.26 billion) from the money markets through 14-day bond repurchase agreements on Thursday, traders said, meaning it will inject a net 26 billion yuan into the market this week.The interbank markets were closed from Oct. 1 to Oct. 7 due to the National Day holiday. The People's Bank of China (PBOC) conducted a net drain of 5 billion yuan from last week.Copyright Reuters, 2014 ...
India's central bank to monitor trades by companies in debt markets MUMBAI: Worried that a surge in trading in debt markets by companies could pose risks to financial market stability, India's central bank has ordered its supervision team to monitor their trades, sources with direct knowledge of the situation said.The move is the strongest expression of concern yet from the Reserve Bank of India (RBI) about companies that are building large trading positions in debt and currency markets.Such trading can be a lucrative additional source of ...
Turkish central bank reduces fx deposit market interest rates ISTANBUL: The Turkish central bank said on Wednesday that foreign exchange deposit market interest rates applied to banks' one week maturity borrowings from the central bank were being reduced to support balanced growth and capital flows.The rates applied to banks' one week maturity borrowings from the central bank as a last resort facility have been reduced from 10 percent to 7.5 percent for dollar and from 10 percent to 6.5 percent for euro as of ...
New ECB measures mark new policy phase, says Constancio FRANKFURT: The European Central Bank is embarking on a new policy phase with its latest stimulus measures, ECB Vice President Vitor Constancio said, vowing to steer the central bank's balance sheet "significantly higher". Since the summer, the ECB has cut interest rates to record lows, offered banks new long-term loans, and announced plans to buy private sector assets - a programme with which it aims to stimulate lending to support the flagging euro zone economy. ...
Kenya's central bank says in market to mop up 3bn shillings NAIROBI: The Central Bank of Kenya said on Wednesday it planned to mop up 3 billion shillings ($33.71 million) in excess liquidity using term auction deposits and repurchase agreements. The central bank has frequently absorbed excess liquidity, a move that partly supports the shilling by making it more costly to hold onto dollar positions. Copyright Reuters, 2014 ...

 



 
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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
WeeklyOctober 20, 2014
Reserves $13.436 bln