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UAE Central Bank follows US in lowering interest rate

Abu Dhabi: The UAE Central Bank has announced it will lower interest rates applied to the issuance of its certificates of deposits in line with the decrease in interest rates on the US dollar, following the US Federal Reserve’s decision. The measure will take …Read more





UAE Central Bank follows US in lowering interest rate

Abu Dhabi The UAE Central Bank has announced it will lower interest rates applied to the issuance of its certificates of deposits in line with the decrease in interest rates on the US dollar
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Fed cuts rates for first time since 2008 crisis UAE Bahrain follow suit

The Central Bank of the UAE rate to 225 per cent from 25 per cent and the lending rate to 425 per cent from 45 per cent The Fed cut interest rates citing concerns about the global economy and muted US inflation and signalled a readiness to
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Turkeys central bank sees lower inflation new head signals sharp rate cuts

ANKARA Reuters – Turkeys central bank cut its inflation forecasts on Wednesday and new governor Murat Uysal said it has considerable room for manoeuvre on interest rates in coming bank governor had failed to follow instructions
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Bank of Canada unlikely to follow Fed interest rate cut at least for now

I dont think the economic indicators at this point are flashing that a recession is upon us Alexander said He doesnt see any urgency for the Bank of Canada to follow the Feds lead The two central interest rate was already lower
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Corrected INSIGHT US interest-rate drop may raise oil prices boost chem exports

US interest-rate drop may lower oil prices boost chem exports dated 31 July 2019 please read in the headline may raise oil prices instead of lower A corrected story follows HOUSTON ICIS–The central bank of the US is expected to lower
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The Fed has lowered interest rates for the first time since the depths of the Great Recession but its still a great time to save money

Americans will soon see the interest rates on their savings accounts decrease after the Fed cut rates but probably not by much
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