Ten-year term interest rate SWAPs maintained an upward movement in 2018, spiking to 4.39 percent in mid-November from 3.7 percent in early January before rebounding to 4.15 percent by the end of the year, statistics by the Central Bank of the United Arab Emirates have shown. Interest rate swaps are …
Read More »Fed hints at more rate hikes, GCC faces higher cost of funds
The US Federal Reserve (Fed) has kept interest rates unchanged but hinted that more rate hikes are likely coming later this year as the economy continues to strengthen. However, the overall tone of the Fed statement, analysts think is less hawkish, hinting at a gradual approach to further rate hikes …
Read More »US rate hikes will leave some pain for UAE mortgage takers
Is the US Federal Reserve out to spoil the UAE property marketโs mortgage party? The latest rate hike, up by 0.25 per cent, and the ones to follow in short order will be leaving UAE mortgage takers with much higher instalment costs than what they had signed up for. Hereโs …
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