Saudi c.bank official: rising interest rates not a worry
RIYADH, Sept 16 (Reuters) - The Saudi Arabian central bank is not worried by rising market interest rates because they are based on a gradual rise of global rates from a low base, Ayman bin Mohammed al-Sayari, the bank's deputy governor for investment, said on Sunday.
"The fact that the increase is gradual gives a lot of comfort to SAMA to address any issues that could come up in the local liquidity system -- something that we have not witnessed so far because liquidity is ample," he told a news conference.
"We are not that concerned." (Reporting by Stephen Kalin and Marwa Rashad; Writing by Andrew Torchia)
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