Middle East Economic Survey
VOL. LII
No 37
14-Sep-2009
UAE
Moodys Positive On Central Bank Steps to Stimulate UAE Lending
The recent steps taken by the Central Bank of the UAE to stimulate lending are positive and will provide a greater incentive to banks to extend lending to creditworthy borrowers, commented Moodys Investors Service in its Weekly Credit Outlook dated 7 September. On 1 September the central bank said that it was lowering the interest rate on the liquidity support facilities that it...
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