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UAE interest rates: No cut expected today as central banks seen holding steady

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Gulf News
“UAE interest rates: No cut expected today as central banks seen holding steady”

Dubai: UAE residents hoping for an interest rate cut later today are likely to face a longer wait, with three market analysts expecting the US Federal Reserve to leave rates unchanged and keep the possibility of another increase in December open. Get updated faster and for FREE: Download the Gulf News app now - simply click here. The Fed’s two-day meeting concludes on Wednesday, October 28. Its decision matters for UAE borrowers and savers because the dirham is pegged to the dollar and the UAE…

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