Rate hikes: GCC braces for higher cost of funds and currency appreciation | GulfNews.com:
"As global markets anticipate a 25-basis point Fed rate hike this week, on the back of the strong ADP report,
GCC economies with pegged currencies are expected to face further rise in cost of funds and impact of currency appreciation starting the week ahead.
Analysts said apart from the immediate impact of a rate hike on Wednesday, future guidance on rates, growth and inflation outlook will be key for GCC economies."
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