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Sticky inflation prompts EBRD to trim 2023 growth outlook for its region

Sticky inflation prompts EBRD to trim 2023 growth outlook for its region

© Reuters. FILE PHOTO: The headquarter of the European Bank for Reconstruction and Development (EBRD) is seen in London, Britain, November 22, Britain 2016. REUTERS/Stefan Wermuth By Jorgelina do Rosario LONDON (Reuters) – High gas prices and persistent inflation eroding real wages will limit growth in emerging Europe, central Asia and north Africa, the European…

Turkey earthquake could result in loss of up to 1% of country’s GDP in 2023

Turkey earthquake could result in loss of up to 1% of country’s GDP in 2023

© Reuters. FILE PHOTO: A man rides his bike along a collapsed Roman Catholic church in the aftermath of the deadly earthquake in Iskenderun, a coastal town of Hatay province, Turkey February 14, 2023. REUTERS/Umit Bektas/File Photo   USD/TRY +0.01% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name…

Brazil monetary council will not discuss inflation targets -minister

Brazil monetary council will not discuss inflation targets -minister

© Reuters. FILE PHOTO: Brazilian Economy Minister nominee Fernando Haddad speaks during a news conference in Brasilia, Brazil December 13, 2022. REUTERS/Ueslei Marcelino BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Tuesday that the National Monetary Council, the government’s top economic policy body, will not discuss changing inflation targets at its monthly meeting…

Colombia’s central bank may need more rate hikes depending on inflation -IMF

Colombia’s central bank may need more rate hikes depending on inflation -IMF

BOGOTA (Reuters) -Colombia’s central bank may need to consider additional hikes to its benchmark interest rate, depending on how inflation in Latin America’s fourth-largest economy behaves, the International Monetary Fund (IMF) said on Tuesday, while not ruling out other internal risks. The board of Colombia’s central bank has raised borrowing costs by a total of…