Thursday 23 April 2009

Stimulus needs to come with regulations: experts

Regulations must be set by the UAE Government that will ensure funds given by the Central Bank to local banks and lending institutions are earmarked.

"Liquidity has come into the system but it is now being held by the banks. It is good to have government stimulus but the stimulus needs to come with directives," said Blair Hagkull, Chief Executive, Jones Lang Lasalle.

The experts also called for interest rates on mortgages to come down.

No comments:

Post a Comment