Lebanon’s Charafeddine: unconventional monetary policy was vital for oil exporters

Raed Charafeddine, the first vice-governor of the Bank of Lebanon, on 11 November said oil exporting countries effectively used monetary policy to weather the financial crisis.

Speaking at the National Asset Liability Management conference in Bahrain, Charafeddine said: “The challenge for monetary policy is to balance the need to support a revival of credit growth while mitigating a potential resurgence of inflation arising from a lagged effect of rising international food prices and from the…

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