Food prices a concern says Bahrain cbank
Kuwait, October 31, 2010
Bahrain's central bank is concerned about an increase in global food prices although overall inflation is not a problem, its governor Rasheed Al-Maraj said on Sunday.
'I do not think inflation is a problem for us. The increase in food prices globally is a concern as it transpires into higher prices on the local market,' Al-Maraj told Reuters on the sidelines of a financial conference in Kuwait.
He also said fluctuations in global currencies would not influence short-term policy decisions.- Reuters