Cambodia’s inflation stands at 2.9 pct in first half of 2013: central bank
Cambodia’s inflation rate has accelerated to 2.9 percent in the first six months of the year, up from 1.8 percent over the same period last year, according to a report of the National Bank of Cambodia (NBC) on Wednesday. “The rate, below 3 percent, is low and can be controllable,” Chea Chanto, NBC’s governor, said in the report. … The country’s gross foreign reserves have continued their steady rise to 4 billion U.S. dollars by June this year, up 13 percent compared with June last year, he said, adding that the amount can ensure four months of prospective imports. … The governor projected that the economy would grow by 7.6 percent in 2013, driven by strong growth of garment exports, agriculture, tourism and construction, and the inflation was expected at a manageable level of 5 percent this year. …
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/28/c_132670860.htm
