FINANCIAL NEWS

Bahrain’s CB expects 2013 inflation to stay below 1.5%

14 Mar 2013

(MENAFN) The Central Bank of Bahrain’s (CBB) Governor, Rasheed Al Maraj, stated that the country’s inflation during the current year would stay below 1.5 percent, reported Gulf Daily News.

Al Maraj said that the Kingdom’s inflation rate has always been moderate, adding that it is only affected by external prices, mainly food prices.

He noted that usually, inflation is a concern for central banks worldwide, nevertheless, at the current time; Bahrain’s inflation level raises no concerns, as it is expected to range between 1 percent and 1.5 percent in 2013.

It is worth noting that Bahrain expects its economy to expand by 4 percent in 2013 from 3.9 percent in 2012.

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