Central Bank Governor Riad Salameh said Thursday that monetary conditions in Lebanon were stable and that the country could expect two percent growth this year.
In comments made after a meeting with President Michel Aoun, Salameh said that deposits in Lebanese banks are growing at a rate of five percent per year, according to current trends. Salameh also said that, as interest rates rise in the region, the situation in Lebanon remained stable.
Prior to making the comments, Salameh briefed Aoun on the economic situation in the country.
The Daily Star