UAE cuts interest rates to deter currency speculators
- Published: 22 November 2007 17:09
- Author:Matthew Martin | More by this Author
- Last Updated: 22 November 2007 18:11
The UAE Central Bank cut interest rates by up to 20 basis points on 22 November, in a bid to stop massive inflows into the dirham by currency traders anticipating a revaluation of GCC currencies.
The UAE Central Bank cut interest rates by up to 20 basis points on 22 November, in a bid to stop massive inflows into the dirham by currency traders anticipating a revaluation of GCC currencies.
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