IMF warns Qatar against inflationary pressures
- Qatar: Monday, January 21 - 2013 at 04:33
The International Monetary Fund (IMF) has said that Qatar needs to take steps to contain inflationary pressures in the medium term, Gulf Times has reported. The headline inflation has remained low in the Gulf country at about 2%, mainly because of depressed rents, but the housing market will catch up as the population increases, and then there are some "likely pressures" emerging from the ambitious investment programme, IMF mission head (Qatar), Ananthakrishnan Prasad, told the daily. The central bank has a number of tools, including reserve requirements, credit ratio, sectoral credit exposure limits, liquidity ratio and loan-to-value ratio to address both generalised and sector-specific credit booms and capital flows, which it can calibrate to mitigate pressures from lending that may lead to excessive asset price increases or inflationary pressures, said Prasad.
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