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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Gulf and Arab central banks cut interest rates in the footsteps of the US Central Bank

rocky
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Gulf and Arab central banks cut interest rates in the footsteps of the US Central Bank Empty Gulf and Arab central banks cut interest rates in the footsteps of the US Central Bank

Post by rocky Thu 31 Oct 2019, 2:24 am

[size=36]Gulf and Arab central banks cut interest rates in the footsteps of the US Central Bank[/size]

Economy | 10:02 - 31/10/2019

Gulf and Arab central banks cut interest rates in the footsteps of the US Central Bank 731102019_5dba819f4c59b71c802a092c


Follow - Mawazine News
Gulf and Arab central banks cut their key interest rate after the US Federal Reserve cut interest rates a quarter percentage point to a target range of 1.50-1.75 percent.
Kuwait, Saudi Arabia, the United Arab Emirates and Bahrain, which peg their currencies to the US dollar, also cut interest rates by the same level (0.25%).
The Central Bank of Jordan also cut benchmark interest rates (0.25%) to 4%, saying the move aims to encourage domestic consumption and investment needed to stimulate weak growth.
The US central bank cut interest rates for the third time this year, a move aimed at protecting the US economy from the fallout of the global trade war and avoiding a recession, but pointed to a possible halt in the monetary easing cycle.




https://www.mawazin.net/Details.aspx?jimare=70891
rocky
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Gulf and Arab central banks cut interest rates in the footsteps of the US Central Bank Empty Gulf and Arab banks decide to cut interest rates

Post by rocky Thu 31 Oct 2019, 3:09 am



[rtl]Gulf and Arab banks decide to cut interest rates[/rtl]

Gulf and Arab central banks cut interest rates in the footsteps of the US Central Bank 8b331e90a-221825


[rtl]Follow / tomorrow[/rtl]



[rtl]Gulf and Arab central banks cut their key interest rate after the US Federal Reserve cut interest rates a quarter percentage point to a target range of 1.50-1.75%.[/rtl]





[rtl]Kuwait, Saudi Arabia, the United Arab Emirates and Bahrain, which peg their currencies to the US dollar, also cut interest rates by the same level of 0.25%.[/rtl]



[rtl]The Central Bank of Jordan also cut benchmark interest rates by 0.25% to 4%, saying the move aims to encourage domestic consumption and investment needed to stimulate weak growth.[/rtl]



[rtl]The US central bank cut interest rates for the third time this year, a move aimed at protecting the US economy from the fallout of the global trade war and averting a recession, but pointed to a possible halt in the monetary easing cycle.[/rtl]

https://www.alghadpress.com//view.php?cat=221825
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