The bank’s surprise move comes amid hiking of lending rates by central banks in many countries to tame rising inflation
rising interest rates
expat remittances
Indian rupee falls to all time low on Thursday, plunging to 80.73 against US dollar
The fresh fall in rupee value has triggered expectations of another round of spike in remittances by expat Indians, especially from the Gulf region, to India
Central Bank
Central banks in the Gulf follow US Fed move to raise interest rates
Most Gulf central banks follow the US Fed because their currencies are pegged to the US dollar
European Central Bank
European central bank announces 0.75 percent hike in interest rates
US Fed, India’s RBI and central banks in other major countries expected to follow suit
Bank of England
UK’s Bank of England would ‘have to raise’ interest rates to confront ongoing inflation
UK’s inflation is the result of the resumption of the global economy post-pandemic and also due to the ongoing Ukraine-Russia conflict
Central Bank of Bahrain
Gulf central banks follow US Fed move to raise interest rates to curb inflation
The Federal Reserve announced a consecutive 0.75 percentage point interest rate hike – in a bid to rein in inflation and avoid recession
global economic growth
IMF slashes global growth outlook, warns of ‘gloomy and more uncertain’ economy
The Washington-based lender urged policymakers to prioritise addressing inflation, even as tighter monetary policy could have real economic costs
Central Bank
Factors causing inflation of fuel and food prices ‘beyond the control of central banks’: experts
Consumers may feel the sting of higher prices more acutely than the pinch of a three-quarter point bump in interest rates, experts told Arabian Business
business outlook
Inflation on the rise in the UAE: Everything you need to know
Impact of growing inflation rates on the region’s economy and businesses, along with expert insights
Central Bank
UAE Central Bank follows US Fed’s biggest interest rate hike since 1994 to rein in rising inflation
High inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation, the US central bank chairman said
Dubai property market
The increase in interest rates has created an all-time high on mortgage applications
Since the beginning of the year, observing the increase in mortgage interest rates has been fascinating to say the least. You would expect the substantial rise to cause a decline in mortgage transaction volumes, however this has not been the case.
Over the course of 2022, we all anticipated interest rates to surge since the US […]
Central Bank of the UAE
Rising interest rates will help avoid liquidity trap issues
This is the right time to be raising interest rates as travel is back at pre-pandemic levels, GDP is growing, and consumer confidence is rising
economic outlook
Evaluating concerns over inflation, recession, and your investments
Is inflation here to stay? Is the growth scare justified? What are the investment perspectives? Emirates NBD’s CIO Maurice Gravier answers three of the most concerning questions in 2022
Central Bank of the UAE
Will rising interest rates help avoid liquidity trap issues?
Current price index levels observed in the UAE along with their projections suggest the need to curb excessive inflation growth before it is too costly for households, companies, governments, while allowing for future expansionary policies, when needed
Century Financial
Why inflation is here to stay
Ongoing geopolitical tensions and supply-side bottlenecks are driving a global increase in fuel and wheat prices
economic outlook
Central banks help risk sentiment with their cautious steps to normalisation
One asset that has very recently responded to central banks that have pulled back from overtly hawkish talk is gold
Brexit
More UAE investors worried about impact of global slowdown
More than half of UAE investors believe economic stagnation in the world economy will be the biggest risk to their investments in the next year