Publication Date:
Sun, 2011-10-09 01:58
“Inflation has become stable since the beginning of the year between around 4.6 and 4.9 (percent)... I expect it to continue its decline,” Al-Jasser told reporters on the sidelines of a conference in Riyadh.
Al-Jasser also said that lending levels had risen by more than 9 percent in 2011. “This is an excellent level,” he said.
Saudi Arabia’s banks aren’t exposed to the European debt crisis, he said.
“Our lending is domestic, our deposits are domestic,” Al-Jasser added.
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