Browse related articlesInflation in ME to hit 8%, says IMF
Wednesday, April 02 - 2008 at 10:52
Dr Mohsin S. Khan, International Monetary Fund (IMF) director of the Middle East and Central Asia, said inflation in the Gulf could climb to 8% this year, up from 7% last year due to rising rents, food prices and public spending, reported Khaleej Times. Speaking at a conference on 'GCC oil boom and its impact', Khan urged the members of the GCC to retain their dollar pegs at the same rates for the time being.
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Jeff Florian, Senior ReporterWednesday, April 02 - 2008 at 10:52 UAE local time (GMT+4)
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