Saudi Arabia, the world’s biggest oil producer, will continue “aggressive” spending, central bank governor Muhammad al-Jasser said in Frankfurt today.
“For the past two years and for the next two years also we have a very aggressive, ambitious spending program,” al-Jasser said. It “is counter-cyclical and taking advantage of the upswing which we enjoyed before the crisis and to complete the investment program of the country going forward. With monetary policy also we have acted counter-cyclically.”END
No comments:
Post a Comment