SAMA Governor says monetary policies should ensure price stability

Ayman Al-Sayari, Governor of Saudi Central Bank (SAMA) said that monetary policies should ensure price stability and be ready for immediate action to address economic changes.

He added that a stable financial sector is capable of efficiently converting savings into investments, connecting households, micro, small, and medium-sized enterprises (MSMEs) in a way that leads to sustainable economic growth.

Al-Sayari’s remarks came during the first G20 Finance Ministers and Central Bank Governors meeting.