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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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Established in 2006 as a Community of Reality

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    Gulf countries raise interest rates after the US Federal Reserve's decision

    Rocky
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    • Post n°1

    Gulf countries raise interest rates after the US Federal Reserve's decision Empty Gulf countries raise interest rates after the US Federal Reserve's decision

    Post by Rocky Thu 15 Dec 2016, 6:34 am

    Gulf countries raise interest rates after the US Federal Reserve's decision
    31 ShowLast update: Thursday, December 15, 2016 - 11:20
    Gulf countries raise interest rates after the US Federal Reserve's decision 58524e05c3618802738b4675
    Went 5 Gulf central banks in the footsteps of the US Federal Reserve Board of the central bank, also it decided to raise interest rates to have.
    Fed announced the evening of Wednesday, December 14 / December, the decision to raise the interest rate by 0.25% to a range of 0.50% - 0.75%, and for the first time since December / December 2015, came the Fed's decision conforms to all economists surveyed recently expectations.

    For his part, Central Bank of Kuwait announced that it raise the discount rate by 25 basis points, to 2.5%. The announcement came after minutes from the Federal Reserve's decision to raise interest rates, hinting to a faster pace of increases of the interest in the year 2017.
    In turn, the Saudi Arabian Monetary Agency decided the central bank to raise the rate of reverse repo agreements from 50 basis points to 75 basis points. According to a statement issued by the Saudi central, it has decided to maintain the repo rate at 200 basis points.
    These decisions attributed to the developments that have occurred in the domestic and international financial markets.
    In Bahrain, Bahrain's central bank decided to raise its key interest rates by 25 basis points. And increased Bahraini central deposit interest rate for one-week to 1.0%, while the deposit interest rate rose overnight to 0.75%, the interest rate of deposits for the month to 1.50%.
    UAE Central Bank also announced it is raising interest rates on certificates of deposit rate, the main monetary policy tool, by 25 basis points.
    In turn, the Qatar Central Bank decided to raise its key interest rate 25 basis points, thus the interest rate has risen to lend overnight to 4.75%, the interest rate on the deposit for one night to 1%.




    Source: agencieshttp://www.imn.iq/archives/99070
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