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UAE Central reconsider investments unnecessary

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Rocky


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UAE Central reconsider investments unnecessary





November 18, 2015  0


The governor of the UAE Central Bank, Mubarak Al Mansouri, the UAE would be an appropriate adjustment of the interest in the case that the US Federal Reserve to raise interest.

Al Mansouri pointed out that the Central UAE banking sector is watching closely for any claim arising from the decline in oil prices, which may result in the need for fiscal consolidation risk, add this to control the liquidity situation of banks as a result of slowdown in customer deposits growth pace.

Mansouri, the UAE economy expected to grow by 3% this year, noting that the state will reconsider its investments, which are unnecessary.

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