The rate of bank lending growth in the United Arab Emirates is "reasonable," Central Bank Governor Sultan Nasser al-Suweidi said on Friday.
"Bank lending is going at a reasonable rate. The rate has been close to 3.5 percent, which is reasonable under the circumstances," he told reporters on the sidelines of a financial conference.
He described the central bank's monetary policy as "good", when asked the possibility of shifts in monetary policy, without elaborating.
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