Wednesday 2 February 2011

Bahrain Has No Plans at Present to Change Rates, Maraj Says - Bloomberg

Bahrain’s Central Bank has no plans at present to change interest rates, Governor Rasheed al-Maraj said. He spoke today in Manama.

“I don’t expect we’ll change our monetary policy in the near term.

“It’s very early to judge what’s going to happen and the impact on the cost of borrowing. Everyone is concerned because there’s a lot of uncertainty but let’s not jump to conclusions at this stage.

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