Lebanon's Central Bank says its intervention contained inflation at 84%
Reuters
Published Apr 14, 2021 06:47AM ET
BEIRUT (Reuters) - Lebanon's Central Bank said on Wednesday that its interventions had contained inflation at 84% in recent months, adding that inflation could have risen to as high as 275% if it had not acted.
The bank also said the government must quickly come up with a plan for subsidies to prevent wasting the country's reserves. It said Lebanon faced a dangerous situation and warned of “social and economic” consequences of any delay in acting.
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Written By: Reuters
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