UAE Central Bank announces its own ‘QE facility’ to tackle property debt overhang « ArabianMoney

The UAE Central Bank has come up with its own answer to ‘quantitive easing’ or money printing to ease the mounting pressure of property debt on the balance sheets of local banks, to be known as the marginal lending facility or ‘MLF’.

Technically MLF is a discount facility that can fund the banks when finance in the markets becomes unavailable or expensive. Still the aim is to funnel cheap money into the banking system like the more complicated US system called QE and the European Stability Fund.

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