Sunday 14 February 2016

U.A.E. Interbank Rate Drops to 2-Month Low as Deposits Increase - Bloomberg Business

U.A.E. Interbank Rate Drops to 2-Month Low as Deposits Increase - Bloomberg Business:

"A key interest rate in the United Arab Emirates fell to the lowest in almost two months on Sunday after bank deposits in the second-biggest Arab economy swelled and as the prospect of rate increases in the U.S. fades.
The three-month Emirates Interbank Offered Rate, a benchmark used to price loans, fell 1.2 basis points to 1.01786 percent, its lowest since Dec. 17, according to data compiled by Bloomberg. The rate rose or remained unchanged in each of the 12 months in 2015 before falling less than one basis point in January."



'via Blog this'

No comments:

Post a Comment