It is time for the GCC to drop the dollar peg
- Published: 30 November 2007 16:48
- Author:Matthew Martin | More by this Author
- Last Updated: 03 December 2007 07:55
By the time the US Federal Reserve cut interest rates by 50 basis points in September to boost liquidity in the wake of the sub-prime housing loans crisis, the financial markets had already assumed it would happen and had priced in the move.
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