Saudi inflation rate to remain subdued despite samsung a40 coque motif the liquid state of economy
The Saudi economy has relished with large influxes of oil revenues and coque samsung galaxy a10 amazon has kept a strong foothold with coque samsung s5 galaxy sound economic indicators. The increase in coque samsung galaxy core prime starbuck oil prices coupled with a rise in production levels were triggered by geopolitical tensions aiding the economy. Accordingly, the monetary state has been expanding as M0, the monetary base, increased by 8.4 percent during August on an annual basis, rising to SR307.6 billion. coque samsung galaxy grand animaux The main driver for M0′s growth was banks’ deposits with SAMA (Saudi Arabian Monetary Agency) which rose by 11.4 percent, the National Commercial Bank (NCB) said in its Saudi Economic Review released amazon coque samsung galaxy grand plus on Wednesday.
Meanwhile, cash in vault grew by 6.8 percent annually to bring total bank reserves to SR166.1 billion by the coque samsung a40 noir end of August. SAMA has shown the ability to control the increasing monetary levels in the local economy by absorbing liquidity to avoid inflationary pressures domestically. coque samsung a40 pas cher In addition, currency outside banks picked up by 5.9 percent during August as consumers were in the peak of Ramadan expenditure season.
SAMA’s macroprudential policy will contain potential liquidity risks by its willingness to use conventional tools such as treasury bills. Consequently, the broader measure coque samsung s8 marque of money supply, coque samsung s6 manga M3, decelerated to record a gain of coque samsung galaxy a50 amazon 13.8 percent on an annual basis.
On a monthly coque samsung galaxy 1 basis, the NCB report said M3 declined from its all time high of SR1.47 trillion during July to SR1.46 trillion by the end of August. The highlight of the month was the sizable growth amazone coque samsung galaxy grand plus in time and savings deposits. Amid the globally suppressed interest rate coque otterbox samsung a40 market and coque samsung galaxy grand prime value the bullish momentum of the local stock market during August, time and saving deposits managed to gain a coque samsung s5 star wars significant 11.2 percent, the fastest pace coque samsung galaxy s4 mini personnalisée since October 2012. Meanwhile, the largest component of M3, demand deposits, continues to expand rapidly by posting an coque samsung s8 boulanger annual coque samsung galaxy s5 mini licorne 19.1 percent growth rate. Furthermore, other quasi monetary deposits decelerated significantly and only increased 2.7 percent during August in comparison to the same month of 2012.
Consumer prices have been contained and the benchmark inflation rate recorded a 3.5 percent annual rise during August. The recently rebased index peaked at 3.96 percent last April, but since then, policy makers have been pro active in subduing any inflationary pressures. Imported inflation considerably influences local prices given the heavy reliance on imports.
Food prices remain the leading category driving up prices coque samsung trend personnalisée as the sub category accelerated by 6.5 percent. Interestingly, the category of furnishings and household equipment witnessed a second consecutive rise in annual prices at 5.9 percent. The category holds a weight of 9.09 percent within the index. Furthermore, rental prices were supported higher by the academic holiday and Ramadan season. Real estate prices remain a priority concern for consumers as the youth population seek to own their assets. However, elevated prices have been a major burden for the majority of citizens and the situation is yet to be mended by the mortgage law. The inflation rate is expected to remain subdued despite the liquid state of the coque mandala samsung a40 economy. “We do not foresee the index rising to 4 percent within coque en bois samsung a40 2013 with upside risks coque samsung galaxy a5 personnalisé in 2014 as the expected drop in the USD, given the US tapering intentions, will contribute coque samsung galaxy s2 gt-i9100 to higher imported inflation,” NCB said…