UAE: Loans, Mortgages Set To Get Cheaper As Interest Rates Likely Go Down
“The UAE is most likely going to follow in the footsteps of the Fed, which is expected to cut rates by 50 bps with a 67 per cent probability as per the CME FedWatch tool. The odds of 25 bps have fallen to 33 per cent compared to 66 per cent from a week ago,” said Vijay Valecha, chief investment officer at Century Financial.