The central banks of the GCC, individually and collectively, are giving due attention to the issue of inflation and several new measures, such as rent caps and credit controls on banks, have been announced to support long-standing programmes of food subsidies and government housing for nationals.
In Bahrain, we have been particularly fortunate that inflationary levels have, so far, been more modest in comparison with our neighbors and that our financial services industry, which is a major component of the Bahraini economy, is enjoying good health. As the regulator of the financial services industry, the Central Bank of Bahrain is pleased by the continued growth of Bahrain’s financial services sector.