Oman May money supply jumps 25.7 pct yr/yr

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Oman May money supply jumps 25.7 pct yr/yr

Post by yunowu on Fri Jun 27, 2008 9:58 pm

Fri Jun 27, 2008 3:36am EDT

MUSCAT, June 27 (Reuters) - Oman's annual money supply
surged 25.73 percent in May, the official Oman News Agency
reported on Friday, as inflation in the Gulf Arab oil producer
soared to a record a month earlier....

http://www.reuters.com/article/marketsNews/idINL273545820080627?rpc=611

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UAE dirham bets weaken as Gulf reform bets recede

Post by yunowu on Fri Jun 27, 2008 10:00 pm

DUBAI, June 26 (Reuters) - United Arab Emirates dirham
forwards <AEDF=> weakened on Thursday as investors pulled back
bets that Gulf Arab oil producers would revalue their
dollar-pegged currencies to fight soaring inflation....

http://www.reuters.com/article/marketsNews/idINL2625435720080626?rpc=611

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Shekel seen gaining as Israel rates set to rise more

Post by yunowu on Fri Jun 27, 2008 10:01 pm

JERUSALEM, June 26 (Reuters) - Israel's shekel <ILS=> looks
set to resume its year-long rally next week as prospects of
higher interest rates in Europe along with steady monetary
policy in the United States are expected to weigh on the dollar...

http://www.reuters.com/article/marketsNews/idINL2643186920080626?rpc=611

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UPDATE 1-Saudi money supply growth picks up in May

Post by yunowu on Fri Jun 27, 2008 10:02 pm

DUBAI, June 26 (Reuters) - Money supply growth in Saudi
Arabia, which is tackling its highest rates of inflation in at
least 30 years, picked up pace in May as investments in demand
deposits surged, central bank data showed on Thursday....
http://www.reuters.com/article/marketsNews/idINL2670862120080626?rpc=611

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UPDATE 2-BoE's King-dollar pegs add to inflation pressure

Post by yunowu on Fri Jun 27, 2008 10:04 pm

LONDON, June 26 (Reuters) - Inappropriately low interest
rates in countries that peg their currencies to the dollar are
helping to fuel commodity price inflation, Bank of England
Governor Mervyn King said on Thursday....

http://www.reuters.com/article/marketsNews/idINL2601031120080626?rpc=611

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Inflation in UAE is stabilising

Post by yunowu on Tue Jul 01, 2008 10:54 pm

Basel: Inflation in the UAE, which pegs its currency to the dollar, is stabilising and likely US interest rate hikes will lift the ailing greenback, the UAE central bank governor said on Sunday...
Speaking to Reuters on the sidelines of the annual central bankers meeting in Basel, Sultan Bin Nasser Al Suwaidi said Gulf Arab oil producers are "very firm" concerning their dollar pegs and have no plans to revalue their currencies.....

http://www.gulfnews.com/business/Economy/10224834.html

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Oman to keep dollar-rial peg

Post by yunowu on Tue Jul 01, 2008 10:56 pm

MUSCAT: Oman has no plans to drop its currency peg to the weak US dollar as the link was suitable for its oil-reliant economy, the Gulf state's central bank governor said yesterday.
Hamood Sangour Al Zadjali also said he expected economic growth to accelerate to 12 per cent this year thanks to higher revenue from oil exports - a hefty increase compared to the official estimate of 9pc growth for last year...

http://www.gulf-daily-news.com/Story.asp?Article=221058&Sn=BUSI&IssueID=31096

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Egypt Inflation Rate Rises to 20.2% Fastest in Decade (Update1)

Post by yunowu on Thu Jul 10, 2008 9:54 am

July 10 (Bloomberg) -- Egypt's inflation rate rose to 20.2 percent in June, the highest in at least a decade, adding to pressure on the central bank to raise its key interest rates for a fifth time this year...
http://www.bloomberg.com/apps/news?pid=20601116&sid=ayZopaD_zIAQ&refer=africa

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Re: Oman May money supply jumps 25.7 pct yr/yr

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