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Stable interest rates in Lebanon
- Lebanon: Sunday, February 17 - 2008 at 11:34
Lebanon's central bank governor said inflation this year should not exceed the five per cent of last year and forecast stable interest rates which may fall if the country's political crisis eases, reported Gulf Daily News. Riad Salameh said he did not expect a repeat of steep inflation that was driven by a climb in the prices of oil, commodities and the euro in the last quarter of last year. Interest rates would remain stable or fall if there was a resolution to Lebanon's political crisis, which has paralysed much of government for 15 months, left the country without a president since November.
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Amena Bakr, Senior ReporterSunday, February 17 - 2008 at 11:34 UAE local time (GMT+4)
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