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euro-NEW YORK: The euro fell against the dollar and hit a session low in early New York trade on Thursday after European Central Bank President Mario Draghi began his press conference after the bank's decision to keep interest rates at 0.75 percent.

 

Draghi said economic growth in the euro zone is expected to remain weak and that inflation is likely to remain above 2 percent this year before falling below that level in 2013.

 

The euro slid as low as $1.2716 on Reuters data, and was last at $1.2733, down 0.3 percent on the day.

 

Copyright Reuters, 2012


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln