Tuesday 19 March 2024
 
»
 
»
Story

UAE cbank may have role in setting monetary policy

ABU DHABI, June 8, 2015

Authorities in the United Arab Emirates are discussing changes to the country's banking law which would give the Gulf Arab state's central bank a role in determining monetary policy, the central bank governor told Reuters on Monday.

The government currently takes most decisions in the UAE.

Mubarak Rashid al-Mansouri also said in emailed comments that he expected UAE credit growth to remain robust and that there was excess liquidity in the country's banking system. – Reuters




Tags: UAE | Central Bank | Monetary policy |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads