Gulf Central Banks Align with Fed by Cutting Key Interest Rates

Reported 8 months ago

Most Gulf Cooperation Council central banks lowered key interest rates following the Federal Reserve's recent 25 basis point cut. This move is expected to stimulate growth in credit-sensitive sectors, like real estate, while the region's economies aim to diversify revenue and maintain low inflation. Saudi Arabia and the UAE led the changes, with Qatar opting for a deeper cut of 30 basis points.

Source: YAHOO

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