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  • ISTANBUL, Jan 30- The Turkish lira tumbled to a fresh record low against the dollar on Friday after a surprise Russian interest rate cut reinforced expectations that Turkey will ease monetary policy next week. Central bank governor Erdem Basci indicated on Tuesday that the bank could hold an extraordinary meeting as early as next Wednesday to discuss cutting...

  • LAGOS, Jan 30- Nigeria's central bank intervened on Friday, selling an undisclosed amount of dollars to prop up the naira currency, which has been hit hard by falling global oil prices, dealers said. The bank has been intervening this week to lift the naira, which is trading outside its target band of 160-176 and has hit record lows this year as the price of oil,...

  • BOGOTA, Jan 30- Colombia's central bank will likely keep its key lending rate unchanged for a fifth straight month on Friday, in an effort to bolster slowing economic growth amid plunging oil revenue and a mounting crisis in Europe. The vote comes as world economies grapple with a slump in prices for crude, Colombia's biggest export and source of foreign exchange,...

  • MOSCOW, Jan 30- Russian Finance Minister Anton Siluanov backed the central bank's decision to cut its main interest rate on Friday and said the bank had grounds to say it had the situation on the foreign exchange market under control. The central bank cut its main interest rate by 200 basis points to 15 percent as fears of recession mount following the fall in oil...

  • Russian central bank governor defends rate cut Friday, 30 Jan 2015 | 6:47 AM ET

    MOSCOW, Jan 30- Russian Central Bank Governor Elvira Nabiullina defended the bank's decision to cut rates on Friday, saying that the monetary loosening would stop an excessive slowdown in the economy. Nabiullina said in an emailed statement that the rate also remained high enough to allow the central bank to reach its inflation target in the medium term.

  • RUSSIAN CENTRAL BANK GOVERNOR NABIULLINA SAYS 15 PCT KEY RATE HIGH ENOUGH BUT WILL ALLOW TO TARGET INFLATION IN MEDIUM TERM- RIA NEWS AGENCY.

  • MOSCOW, Jan 30- Russia's central bank cut its key interest rate on Friday, defying expectations of a hold, as the economy slides towards recession because of a collapse in global oil prices and Western sanctions over the Ukraine crisis. Following the decision, the rouble fell, and was down over 3 percent on the day against the dollar and euro at 1045 GMT.

  • MOSCOW, Jan 30- Russia's central bank cut its key interest rate by two points to 15 percent on Friday, as the economy slides towards recession because of a collapse in global oil prices and Western sanctions over the Ukraine crisis. The central bank said in a statement it was reducing its one-week minimum auction repo rate, which had been 17 percent, seeing...

  • MUMBAI, Jan 30- Only three of India's 45 commercial banks have cut base lending rates since the Reserve Bank of India's surprise easing this month, hurting the government's drive to lift business investment. Bankers say the average funds the RBI provides the market has been steady at around 1 trillion rupees a day since the repurchase rate was cut by 25 basis...

  • MOSCOW, Jan 30- Russia's rouble extended losses on Friday ahead of a central bank monetary policy meeting at which the bank is expected to leave it key interest rate on hold. Russia's central bank will announce its decision on its key rate at around 1030 GMT. "There is tentative evidence that depositor behaviour is gradually normalising amid moderating FX...

  • TBILISI, Jan 30- Georgia's central bank plans to tighten monetary policy from next week, the bank's chief said on Friday, in an effort to maintain financial stability after a sharp fall in the value of the country's lari currency. "We've decided to tighten monetary policy from next week by using all the mechanisms that we have," Georgy Kadagidze, the governor of the...

  • TBILISI, Jan 30- Georgia's central bank plans to tighten monetary policy from next week, the bank's chief said on Friday, in an effort to maintain financial stability after a sharp fall in the value of the country's lari currency. "We've decided to tighten monetary policy from next week by using all the mechanisms that we have," Georgy Kadagidze, the governor of the...

  • MOLDOVA CENTRAL BANK HIKES ITS KEY RATE BY 200 BASIS POINTS TO 8.5 PCT- INTERFAX.

  • MOSCOW, Jan 30- The Russian government will help the central bank to pressure state-supported banks to increase lending in order to give a boost to economic growth, First Deputy Prime Minister Igor Shuvalov said on Friday.

  • MOSCOW, Jan 30- Russia's rouble dipped in early trade on Friday, ahead of a central bank monetary policy meeting at which the bank is expected to leave it key interest rate on hold. Russia's central bank will announce its decision on its key rate at around 1030 GMT. "There is tentative evidence that depositor behaviour is gradually normalising amid moderating FX...

  • TOKYO, Jan 30- The Bank of Japan has put monetary policy on hold and found backing for its wait-and-see stance from advisors to Prime Minister Shinzo Abe, who worry more easing could send the yen to damagingly low levels, according to officials in the administration and central bank. This newfound caution from some of the same Abe advisors who urged the BOJ to...

  • WASHINGTON, Jan 29- The new Republican chairman of the U.S. Senate Banking Committee said on Thursday he was "very interested" in requiring a government audit of the Federal Reserve and its portfolio. Senator Richard Shelby, an Alabama Republican, said in an interview with Bloomberg TV that Congress should not function as an extra Fed governor, but it should have...

  • Fed could wait until September to lift rates -BlackRock Thursday, 29 Jan 2015 | 10:47 AM ET

    NEW YORK, Jan 29- The U.S. "Using words such as solid growth and strong employment gains would allow the Fed to continue down previously telegraphed mid-year lift-off, but recognizing the near-term softness in inflation, combined with referencing international conditions, provides the central bank with the ability to wait until September to begin the...

  • DUBAI, Jan 29- Royal Bank of Scotland plans to sell or close its corporate debt and debt capital markets business in the Middle East and Africa, the latest pullback by the state-controlled lender from emerging markets to focus on its domestic business. This came on top of confirmation in November it was reviewing its options across its Central and Eastern Europe,...

  • ATHENS, Jan 29- Greek bank deposits fell in December for the third straight month as savers stepped up withdrawals amid rising political tensions and the prospect of a stand-off with the country's international creditors, and bankers expect the trend will have accelerated in January. Corporate and household deposit balances in December fell 2.4 percent...

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