Jul 03 2011 |
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Central Bank Of Bahrain Projects 3% GDP Growth For 2011
Sunday, Jul 03, 2011
(This item was originally published on Saturday.)
DOW JONES NEWSWIRES
Bahrain's gross domestic product is expected to grow 3% in 2011, the Central Bank of Bahrain said Saturday.
According to a press release, CBB Governor Rasheed Al Maraj praised the projections in an interview with the Bahrain News Agency and denied rumors that international banks had left Bahrain during recent unrest in the country.
Al Maraj also said in the interview he expects interest rates to remain stable and announced an 11.5% increase in the CBB 's gold and hard currency reserves to $4.5 billion.
03-07-11 0404GMT
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