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Monday, 23 November 2009 08:23 UAE time

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Saudi inflation to ease in 2009 - central bank chief

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 14 January 2009
COOL DOWN: Inflation in largest Arab economy fell to 9.5 percent in Nov.(Getty Images)
COOL DOWN: Inflation in largest Arab economy fell to 9.5 percent in Nov.(Getty Images)

Saudi Arabian Central Bank Governor Hamad Saud al-Sayyari said on Wednesday inflation in the Gulf Arab oil exporter would fall noticeably in 2009.

"I expect inflation to fall in 2009," Sayyari told reporters on the sidelines of an Arab economic summit in Kuwait.

Inflation in the largest Arab economy fell to 9.5 percent in November from 10.4 percent in September.

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"We expect this trend to continue in a noticeable way," he said, declining to give a precise forecast. (Reuters)

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