The National on Nostr: UAE Central Bank cuts interest rates after US Federal Reserve decision ========== UAE ...
UAE Central Bank cuts interest rates after US Federal Reserve decision
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UAE Central Bank cuts benchmark interest rate by 25 basis points to 4.65% effective November 8, 2024; aligns with US Federal Reserve's rate cut on November 7, 2024; Fed cut rates to boost business amid easing inflation; Fed's previous cut was 50 basis points in September 2024; Gulf economies, including Saudi Arabia and Qatar, also cut rates; UAE's economy expected to grow 4% in 2024, up from 3.9%; inflation forecast revised to 2.2% for 2024; non-oil sector grew 4% in Q1 2024; UAE aims for Dh4 trillion in foreign trade by 2031.
#Uae #CentralBank #InterestRates #FederalReserve #Economy #Inflation #GulfEconomies #MonetaryPolicy #EconomicGrowth #ForeignTrade
https://www.thenationalnews.com/business/economy/2024/11/07/uae-central-bank-cuts-interest-rates-to-465-following-fed-decision/
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UAE Central Bank cuts benchmark interest rate by 25 basis points to 4.65% effective November 8, 2024; aligns with US Federal Reserve's rate cut on November 7, 2024; Fed cut rates to boost business amid easing inflation; Fed's previous cut was 50 basis points in September 2024; Gulf economies, including Saudi Arabia and Qatar, also cut rates; UAE's economy expected to grow 4% in 2024, up from 3.9%; inflation forecast revised to 2.2% for 2024; non-oil sector grew 4% in Q1 2024; UAE aims for Dh4 trillion in foreign trade by 2031.
#Uae #CentralBank #InterestRates #FederalReserve #Economy #Inflation #GulfEconomies #MonetaryPolicy #EconomicGrowth #ForeignTrade
https://www.thenationalnews.com/business/economy/2024/11/07/uae-central-bank-cuts-interest-rates-to-465-following-fed-decision/