Governor of Qatar Central Bank HE Sheikh Bandar bin Mohammed bin Saoud Al Thani has said that pegging the Qatari riyal to the dollar is appropriate for the financial and economic situation of the State of Qatar. He stressed the need to ensure a balance between price stability, growth, and financial stability.
Speaking at a session titled "What is Next for Inflation?" of the Qatar Economic Forum on Wednesday, the QCB governor explained that there is no urgent need to change this policy, pointing out that the impact of inflation included many countries of the world, as it reached highest levels in decades.
He also pointed out that the past three months witnessed a decline in inflation in several countries of the world, adding that central banks around the world have no choice but to return inflation to the specified level, as inflation is considered the enemy of the economy and harms families. He stated that inflation is declining.
He highlighted that the effects of monetary policy decisions on consumer price indices need some time to appear.
