27.08.2009 - UAE rejigs interbank rate panel to stimulate lending

From Kuwaittimes.net: The United Arab Emirates central bank will set up a new panel for the interbank offered rate, an official said yesterday, in the hope that the change will lower the rates and spur lending. The central bank expressed dismay earlier this month at persistently high interbank rates, saying they did not reflect the market...............Full Article: Source

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