Saudi inflation 'tolerable': SAMA
- Saudi Arabia: Tuesday, March 05 - 2013 at 05:40
The Saudi Arabian Monetary Agency (Sama) has said inflation in the kingdom is running at acceptable levels, playing down concerns that the economy could be overheating, Reuters has reported. Inflation is expected to ease in 2014, having edged up to a seven-month high of 4.2% year-on-year in January, said Sama governor, Fahad al-Mubarak. "Current inflation is tolerable and if you compare to other emerging markets we are well below," he said. "The expectation for this year and next year, and I will cite the International Monetary Fund (IMF), is expected to be a bit lower at 4.6% in 2013 and 4.3% in 2014."
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