#Interest Rate

Central bank body BIS urges cenbanks not to squander interest rate buffers

Central bank body BIS urges cenbanks not to squander interest rate buffers

The recommendation from the BIS was made prior to the US Federal Reserve’s first interest rate cut in four years

home mortgage offers - Huspy, Holo

Huspy versus Holo: Mortgage offers under 4% for homebuyers

Driven by technology, various platforms are offering an interface that is secure and transparent, along with financing options from multiple lenders

interest rate - US Fed

US Fed maintains interest rates, says more ‘confidence’ needed on inflation before rate cuts

Inflation has now been running below the Fed’s target on a seven-month basis while US economic growth and the job market have remained largely intact

central bank outlines measures to alleviate burden of residential property loans for UAE nationals Image courtesy CBUAE

UAE issues measures to address impact of rising interest rates on property loans for citizens

The notice was issued following approval from the Central Bank of UAE’s board of directors, with the measures coming into effect from July 1

Central-Bank passes new AML guidelines for PEP

UAE Central Bank raises base rate by 50 basis points

The US Federal Reserve raised its key interest rate by 50 basis points

Dubai

Dubai issues $2bn in sukuk and bonds at lowest ever interest rate

Dubai Islamic Bank, Emirates NBD, First Abu Dhabi Bank, HSBC, and Standard Chartered Bank were mandated to manage the issuance process