Qatar to sell bonds to slow inflation
Qatar: Sunday, January 20 - 2008 at 13:51
Qatar's central bank plans to sell bonds to absorb liquidity and slow inflation, reported Reuters. Sheikh Abdullah bin Saud Al-Thani said rents and real estate prices were driving up the cost of living, not the currency peg. He said Qatar will keep its riyal pegged to the dollar for at least two years. Inflation in Qatar hit 13.73% in September, just below a record.
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Jeff Florian, Senior ReporterSunday, January 20 - 2008 at 13:51 UAE local time (GMT+4)
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