Inflation agency for UAE

United Arab Emirates: Saturday, December 29 - 2007 at 08:41

UAE Central Bank Governor Sultan bin Nasser Al Suwaidi has said the government is to set up a statistics agency to keep an eye on rising inflation in the Gulf state, reported Gulf News. Al Suwaidi emphasised that it is the responsibility of the Ministry of Economy to keep a tight rein on inflationary pressure. Many experts have estimated inflation to be around 10% at the present time.

Jonathan Sheikh-Miller Jonathan Sheikh-Miller, Deputy Editor
Saturday, December 29 - 2007 at 08:41 UAE local time (GMT+4)

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