VOL. XLI

No. 27

6-July-1998

LEBANON

Lebanese Central Bank Sees Trend For Lower Interest Rates

The First Vice-Governor of the Central Bank of Lebanon, Dr. Nasir al-Saidi, has saidthat the bank sees a trend for lower interest rates ahead. Dr. Saidi told Reuterson 30 June that "the markets are moving in the general direction of lower interestrates. The fiscal results of the first half of the year suggest that the government willmeet its budget deficit target. Inflation is also much lower, exerting...