Tuesday 27, May 2008 by

Fitch: GCC oil boom and currency pegs bring faster inflation

Fitch Ratings says inflation in the member countries of the GCC is set to rise further in the absence of effective policy tools to prevent it. However, potential sovereign credit ramifications, mainly fiscal and socio-political, are modest, being outweighed by the impact of continued high oil prices on public finances and sovereign balance sheets.

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