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July 29, 2019
Economists and badysts said the decision to cut interest rates, which is expected to be taken by the US Federal Reserve in its upcoming round of meetings, which will begin on Tuesday, will have a positive impact on the economies of the GCC member states. in general and that of the UAE in particular.
Experts said the expected reduction of 25 basis points would make borrowing cheaper for investors in the UAE and the rest of the region, while substantially boosting foreign investment flows in the region. the country, as well as its expected impact on the recovery of the UAE real estate market, as a result of interest rate cuts.
"Interest rate cuts will encourage UAE investors to borrow, which will boost growth," experts said. The reduction will also have a positive impact on the real estate sector, which is to reduce interest rates on loans, making the purchase of real estate in the country more attractive, as well as its role in reducing the burden of loans for existing buyers.
"The weak dollar and lower interest rates will raise the price of gold, making investment in gold one of the most important components of investors' portfolios in the region.
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