gulfnews : Qatar expects effect of debt crisis on Gulf to be brief

Qatar is confident it can keep inflationary pressures contained while maintaining its longstanding currency peg to the US dollar despite the greenback's recent weakness, according to Abdullah Saud Al Thani, Doha's central bank governor.

Any impact on the Gulf economies from the sovereign-debt crisis in Europe and US economic difficulties would be "short-term," Al Thani said in an emailed response to questions from Zawya Dow Jones.

The Qatar Central Bank's monetary policy "is foc-used on managing the short-term interbank interest rates with a view to sustaining the peg," Al Thani said. "This policy framework has served us well and appears to be relevant, even under current circumstances."

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