News Column

Salameh expects 2% growth, hopes for government initiative to privatize stock market

September 2, 2014

NNA - ACI Lebanon on Tuesday hosted a ceremony at Four Seasons hotel in Beirut upon its golden jubilee, under the auspices of Lebanese Central Bank Governor, Riad Salameh, who said that despite the current critical juncture shaking Lebanon on both the political and security levels, real growth was expected to vacillate between 2 and 5%, with inflation ration that would not exceed 4%. "A great deal of the capacity of the Lebanese economy to develop is due to the factor of continuous trust which constitutes a key element to preserve stability," he noted. "The monetary situation in Lebanon is stable," he remarked, pointing out to positive indicators in terms of the deposits growth. "Until today, the annual growth reached 6%," he indicated. "The assets in foreign currencies at the Central Bank are the highest historically, exceeding USD 38 billion," he added, stressing that bdl will remain in the markets to control liquidity in all currencies, provide the required resources to fund the private and public sectors, and keep the interests at a reasonable level. Salameh did not fail to held out hope for an initiative by the government to privatize Beirut stock market as it would increase liquidity in the stock market. ===============R.A.H.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: National News Agency (Lebanon)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters