Saudi inflation rose to 1.1% y/y in November, and is likely to increase further through the first half of next year. Even so, we expect price pressures to remain subdued, at 1.0-2.0% over the course of 2022-23, compared with many other parts of the world.
Note: Central Bank Drop-In – The Fed, ECB and BoE are just some of the key central bank decisions expected in this packed week of meetings. Neil Shearing and a special panel of our chief economists will sift through the outcomes on Thursday, 16th December at 11:00 ET/16:00 GMT and discuss the monetary policy outlook for 2022.
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