Browse related articlesReserve requirements remain
United Arab Emirates: Saturday, December 29 - 2007 at 07:42
The UAE Central Bank Governor Sultan bin Nasser Al Suwaidi has said the country has no plans to raise the reserve requirements for banks, reported Reuters. Both Saudi Arabia and Qatar have recently taken the step, with the former making its first adjustment in 27 years. Increasing a bank's reserve requirements reduces the amount it can lend and this can subsequently help ease inflationary pressure.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 29 - 2007 at 07:42 UAE local time (GMT+4)
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