UAE inflation not a concern, peg 'not at risk'

Tuesday 21 May 2013

Story

UAE inflation not a concern, peg 'not at risk'

Abu Dhabi, March 10, 2011

Inflation in the United Arab Emirates is not a worry and the peg to the dollar is not at risk, Central Bank Governor Sultan Nasser al-Suweidi said on Thursday.

Speaking after a meeting of Gulf Co-operation Council central bank governors, Suweidi added that he saw UAE inflation ranging around 'very low' single-digit rates.-Reuters