Money supply growth in the UAE has slowed down sharply in the third quarter, growing by 6.1 per cent year-on-year growth at the end of September, down from 12.5 per cent at the end of June.

The latest figures from the Central Bank of the UAE also show that cash in circulation in the UAE economy declined by 7.4 per cent. Bank lending rose by 3.5 per cent in September, up from 2.2 per cent in August.

The latest money supply figures indicate that liquidity growth is slowing in the UAE, Qatar and Saudi Arabia.