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No rate cut for Saudi
- Saudi Arabia: Thursday, September 20 - 2007 at 09:33
Saudi Arabia said yesterday it will not match a US interest rate cut, reported Reuters. Central Bank Governor Hamad Saud al-Sayyari said the government has reviewed the economic situation and feels that there is no need for change. Inflation in the Kingdom is at a seven-year high.
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Jeff Florian, Senior ReporterThursday, September 20 - 2007 at 09:33 UAE local time (GMT+4)
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