The Central Bank Governor, Sheikh Salem Abdul Aziz Al-Sabah, recently announced that the increase in inflation ratings in Kuwait is mostly due to external sources, or ?imported inflation?, noting that domestic interest rates are appropriate at this stage.
Sheikh Salem added that the current levels of local interest rates are the lowest in history and are used by the Central Bank to motivate national economic activities to surpass the negative impacts of the financial crisis.
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Source: http://www.albawaba.com/main-headlines/kuwait-suffers-%E2%80%9Cimported-inflation%E2%80%9D-380857
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