RIYADH: Saudi Arabia’s money supply grew 5.6 percent year on year in August, while consumer price inflation stood at 1.8 percent, pointing to continued monetary expansion amid relatively contained price pressures, official data showed. Data from the Saudi Central Bank, also known as SAMA, showed bank credit to the private sector increased 6.1 percent year on year in August, while banks’ claims on the government rose 9.4 percent. Regional risks weigh on outlook The monetary indicators come as the
Saudi Arabia’s money supply grows 5.6% in August
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