Central bank predicts inflation around 2pc in 2012: UAE

MUSCAT: The United Arab Emirates' central bank is not worried about inflation this year, predicting it could average around 2 percent, its governor Sultan Nasser al-Suweidi said on Monday.

"There are no reasons to worry about inflation at this point in time because the sources of inflation are under control," he told Reuters on the sidelines of an Islamic finance conference in the Omani capital.

"As long as the real estate sector is under pressure, it is not likely to go up, hovering around 2 percent in 2012," he said.