Gulf central banks increase rates.

M2 EQUITYBITES-May 5, 2022--Gulf central banks increase rates

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Global Banking News - 05 May 2022

Central banks in the Gulf region have increased their interest rates in order to keep pace with yesterday's increase by the US central bank.

After the US Federal Reserve raised its target policy rate by 50 basis points, most Gulf countries followed suit.

The central banks of Saudi Arabia, the United Arab Emirates, Qatar and Bahrain raised their key rates by 50 bps to 1.75 percent, 2.25 percent, 1.75...

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