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Saudi c.bank sees lower price pressures in Q4
Saudi Arabia's central bank expects inflationary pressure to continue in the final quarter of 2010.
November 22, 2010 3:34 by Reuters
Saudi Arabia’s central bank expects inflationary pressure to continue in the final quarter of 2010 but at a weaker level than before, it said in a report on Monday.
“The data shows that there is a possibility of continued domestic inflationary pressure in the fourth quarter of 2010, but it will be at a lower level than in the previous two quarters,” the central bank of the world’s top oil exporter said in its quarterly inflation report.
(Reporting by Asma Alsharif in Jeddah and Erika Solomon in Dubai; Writing by Martin Dokoupil)