After remaining stubbornly high over the past two years, interest rates in the UAE are finally beginning to come down and the lower cost of borrowing should ultimately contribute to strengthening growth in the economy.
The financial system has notably received substantial inflows of liquidity in the first part of this year, which have served to push interest rates and credit spreads down.
One of the most visible signs of this has been the easing in Emirates interbank offered rates (Eibor), which serve as an important benchmark for pricing many corporate loans, funding operations and other borrowings.
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