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Tuesday, Sep 27, 2022

SAMA chief: Inflation in Saudi Arabia within reasonable levels

SAMA chief: Inflation in Saudi Arabia within reasonable levels

Dr. Fahd Al-Mubarak, governor of the Saudi Central Bank (SAMA), said that inflation levels in Saudi Arabia are still within reasonable levels.
While highlighting the strength of the Saudi economy in light of the current challenges, he noted that Arab countries are not isolated from the effects of economic challenges.

Al-Mubarak made the remarks while addressing a meeting of the Board of Governors of Arab Central Banks and Monetary Institutions here on Sunday. “The geopolitical tensions in Europe led to a slowdown in global economic growth by 3.2 percent.

The Arab countries are not isolated from the effects of the challenges of the economies, and it is necessary to study the possible measures to reach sustainable economies,” he said.

Al-Mubarak stressed the importance of the meeting in light of the rapid events and developments that the region and the world are witnessing.
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