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US inflation slips in May, boosting hopes of more rate cuts this year despite policymakers signaling one rate cut
Plus: Is Saudi Arabia mulling changes to its capital markets tax regime?
CBUAE holds rates steady
The central bank maintained its overnight deposit rate at 5.40%
Expectations of only one rate cut this year rise as the Fed wraps two-day meeting today
The prediction preceded the Fed’s June meeting, set to end today
Today’s rate cuts could revive the EU’s economy, but the path forward is murky
Some wonder whether it would be a mistake for the ECB to diverge from the US Federal Reserve for the…
ECB on track to cut interest rates next week, top bank officials suggest
The bank will still need to maintain restrictive rates until the end of the year, the bank’s chief economist added
UAE banks lead q-o-q deposit growth in GCC banks -Kamco
The UAE ranked first in deposit growth
Latest inflation data sends USD rally into reverse
Traders now expect the Fed to deliver two quarter-point rate cuts in 2024
Foot-dragging by the Fed on rate cuts is good news for GCC banks –S&P Global
Cutting rates by 100 bps trims rated Gulf banks’ net income by c. 9%, according to S&P Global
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