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Rouble edges higher before central bank rate decision MOSCOW: The rouble edged higher in early trade on Thursday, reversing some of the previous session's losses, as the market expected the Russian central bank to raise rates at its policy meeting.At 0725 GMT, the rouble was around 0.2 percent stronger against the dollar at 54.73 and gained less than 0.1 percent to trade at 68.22 versus the euro.The Russian currency has slumped almost 40 percent since June on falling oil prices, an economic slowdown and Western sanctions over the Ukraine crisis that have restricted Russian firms' access to international capital. "The pressure to deliver bold policy action has increased significantly over the last two weeks, following the brisk decline in oil prices and consequent pressure on the currency," Maxim Korovin, a forex analyst at VTB Capital bank, said in a note. A Reuters poll showed that analysts saw the bank increasing its main lending rate by one point to ...

Rouble moves lower as oil slumps to new five-year low MOSCOW: The rouble extended losses on Wednesday afternoon as oil prices slid to a new five-year low after the OPEC oil producers' group cut its demand forecast for next year.At 1530 GMT, the rouble was down around 1.1 percent against the dollar at 54.65 and down 1.6 percent against the euro at 67.92, hitting a new all-time low against the euro zone currency.Global oil benchmark Brent was around 3 percent lower, below $65 a barrel, ...
Euro weakens on fears of political instability in Greece LONDON: The euro fell broadly on Wednesday amid growing concerns over the political situation in Greece that could increase the chances of monetary policy easing early next year by the European Central Bank.The euro was down 0.5 percent against the yen at 147.40 and gave up early gains against the dollar to trade slightly lower on the day at $1.2370. The common currency had risen to a high of $1.2448 on Tuesday as investors trimmed ...
Euro edges up, political instability in Greece seen checking gains LONDON: The euro edged higher against the dollar on Wednesday, but investors remained nervous over an uncertain political situation in Greece and some looked to sell into any bounce in the single currency.The euro was up 0.15 percent against the dollar at $1.2390 , having fallen to $1.2365 earlier in European trade after Greek bond yields rose. It stayed well below a high of $1.2448 struck on Tuesday as investors trimmed long dollar positions, booking ...
Sterling inches lower vs euro after Carney comments LONDON: Sterling handed back early gains against the euro on Wednesday after Bank of England Governor Mark Carney said inflation was likely to dip below 1 percent, adding to growing doubts about whether the bank will raise interest rates next year.The pound has been driven lower since July chiefly by an adjustment in market expectations for the first rise in rates, now seen late next year or even early in 2016 compared to earlier forecasts ...
Zloty stays close to 4-month high on stable interest rate outlook WARSAW: Central European currencies were mostly stable on Wednesday, with the zloty staying close to a four-month high versus the euro, reached on rising expectations there will be no more monetary easing in Poland.By 1018 the zloty traded at 4.16 to the euro."The zloty has remained resilient to a global deterioration in sentiment," BZ WBK bank said, adding that it expected the zloty to remain stable during the session.Poland kept its benchmark interest rates flat ...
Dollar drops vs yen as risk appetite falters LONDON: The dollar plunged across the board on Tuesday, on track for its largest one-day loss against the yen since June 2013, as investors sought the Japanese currency's safety amid uncertainty in Greece and the weak trend in oil.Investors tend to buy the yen in times of geopolitical or economic stress, but the overall outlook for the Japanese currency stayed downbeat as the economy is still in the midst of massive quantitative easing. Sliding global ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln