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DUBAI (Reuters) – Any potential rise in interest rates proposed by Saudi banks in 2019 will have a limited impact on growth, the central bank said Tuesday.
"By 2019, this will have a limited impact on domestic growth due to the limited level of indebtedness of most publicly traded companies," the bank said in a report on any further rate hikes. interest.
SAMA also said that Saudi Arabia was well positioned to cope with the global economic slump due to the increase in foreign exchange reserves and low public debt.
(Reuters)
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