According to data by Iraq's central bank, the country's core inflation rate continued to slow in April dropping to an annual 3% from 3.6% in March, Reuters has reported. The central bank cut its key policy rate by 100 basis points to 6% in April, hoping to encourage commercial banks to increase lending to boost economic growth in the broader economy. The bank defines core inflation as excluding expenditure on fuel.
You might also like...
Abu Dhabi makes major construction investments
25 April 2024
Saudi Arabia seeks K9 PPP project interest
25 April 2024
Kuwait reviews 1.1GW solar prequalifications
25 April 2024
LIVE WEBINAR: Abu Dhabi Oil & Gas 2024
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.