Economists expect inflation to ease into single digits by year end if the exchange rate holds. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors.
The wider picture
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. The announcement lifted shares in the sector by as much as four percent in early trading.
“The numbers are moving in the right direction, but the margin for error is thin.”
The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
Economists expect inflation to ease into single digits by year end if the exchange rate holds. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
Why it matters
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
