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Colombia's central bank maintains inflation target at 2-4pc, 3pc ideal BOGOTA: Colombia's central bank board maintained a 2 to 4 percent inflation target range for 2016, bank director Jose Dario Uribe said on Friday, even as consumer prices remain well above the target. The ideal figure for inflation at the close of next year would be 3 percent, Uribe added. Copyright Reuters, 2015 ...

Bank of America to halt dollar supplies to Angola LUANDA: Bank of America will stop supplying US dollars to Angola at the end of this month, two foreign exchange sources said on Thursday, a move that could pile pressure on the oil exporter's ailing kwanza currency. South Africa's Rand Merchant Bank (RMB) said on Thursday that a US bank had decided to discontinue providing it with dollars for onward supply to Angola which meant it would stop selling Angolan banks the greenback from Nov. ...
Peru's finance minister sees slower economic growth than expected LIMA: Peru's economy will grow more slowly than expected this year and in 2016, the country's finance minister said on Thursday, citing the impact of slumping metals prices on the key mining sector and a drop in investments. Finance Minister Alonso Segura told Congress on Thursday that economic growth could reach 2.8 percent in 2015 and be near 4.0 percent next year. That compares to prior government forecasts for growth of 3 percent this year ...
Italian banks told to disclose capital ratios below SREP levels MILAN: Italian banks must inform the market immediately if at least one of their capital ratios is below the level required by the European Central Bank following the so-called Supervisory Review and Evaluation Process (SREP), the country's market watchdog said. The ECB, which is setting individual capital requirements for banks as part of the SREP process, will inform lenders in coming weeks of the final outcome of the review.Copyright Reuters, 2015 ...
Alpha Bank, Eurobank gain EU okay for revised restructuring plans BRUSSELS: Greek lenders Alpha Bank and Eurobank secured European Union regulatory approval on Thursday for minor changes to their restructuring schemes after they managed to plug their capital shortfall without further state aid. The two banks had to downsize their operations and reinforced their balance sheets last year in return for EU regulatory clearance for their billion-euro state bailouts. Eurobank and Alpha, Greece's third and fourth largest banks, were able to cover their capital needs ...
Hungary central bank may slash GDP growth view next month BUDAPEST: Hungary's central bank may cut its economic growth outlook sharply next month, and any easing it adopts in response would probably use non-conventional policy tools, a rate-setter told Reuters on Thursday. The bank has this year cut interest rates to a record low 1.35 percent and already launched unconventional easing to counter a slowing economy. In September's inflation report it forecast growth would slow to 2.5 percent in 2016 from 3.2 percent expected this ...
Lloyds to cut 945 jobs as part of three-year restructuring strategy LONDON: Taxpayer-backed Lloyds Banking Group said on Thursday it was cutting around 945 jobs in a restructuring plan first outlined a year ago with the aim of reducing the bank's workforce by 9,000. The staff affected are currently employed within the bank's retail, commercial banking and consumer finance teams, and in several back office divisions, the bank said. "The group's policy is always to use natural turnover and to redeploy people wherever possible to retain ...


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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln