Saudi central bank "not worried" about inflation (Reuters)

JEDDAH, Saudi Arabia (Reuters) ? Saudi Arabia's inflation levels are not worrying and will continue to decline, the country's central bank governor Muhammad Al-Jasser said on Saturday.

"Inflation levels are not worrying. Inflation has become stable since the beginning of the year between around 4.6 and 4.9 (percent)... I expect it to continue its decline," Al-Jasser told reporters on the sidelines of a conference in Riyadh.

Al-Jasser also said that lending levels had risen by more than 9 percent in 2011. "In reality, lending has risen by more than 9 percent this year ... an excellent level," he said.

(Reporting by Ibrahim al-Mutawa; writing by Asma Alsharif)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111008/bs_nm/us_saudi_inflation

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