Inflation in Saudi Arabia is running at acceptable levels, the country’s central bank chief said on Sunday, playing down concerns that the economy could be overheating.
Fahad Al-Mubarak, governor of the Saudi Arabian Monetary Agency (SAMA), told a news conference inflation was expected to ease next year having edged up to a seven-month high of 4.2 percent year-on-year in January.
Al-Mubarak, a former chairman and managing director of Morgan Stanley Saudi Arabia, has not met the press inside the Kingdom since being appointed in December 2011, though he did speak in public in Abu Dhabi last year.
Read more: http://www.arabnews.com/economy/sama-chief-sees-inflation-falling-43-2014
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