Saudi Arabia's inflation challenge

Inflation in Saudi Arabia accelerated from 4.1% in 2007 to 11.1% in July 2008, posing challenges in the coordination between controlling inflation through monetary policy and enhancing economic growth through expansionary fiscal policies, said Hamad Al-Sayari, the governor of the Saudi Arabian Monetary Authority (SAMA).

Speaking on the occasion of publication of the authority's 2007 annual report, he said that the central bank took steps to control excess domestic liquidity by increasing rates of

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