11.05.2011 - UAE c.bank expects interbank rates to fall further
The United Arab Emiratesí central bank expects interbank offered rates to fall further and plans to introduce a repurchase facility for Islamic lenders in the coming months, its treasury head said on Tuesday. The central bank has been urging banks to quote lower rates at daily fixings of interbank benchmarks as liquidity in the system improved following Dubaiís $25 billion debt restructuring deal last September..............................................Full Article: Source
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