UPDATE 1-Gulf’s two largest economies follow Fed rate cuts on coronavirus concerns
Saudi Arabia and the United Arab
Emirates, the Gulf’s two largest economies, cut key interest
rates by 50 basis points on Tuesday, tracking an emergency move
taken by the U.S. Federal Reserve to soften the impact of the
coronavirus outbreak.
Emirates, the Gulf’s two largest economies, cut key interest
rates by 50 basis points on Tuesday, tracking an emergency move
taken by the U.S. Federal Reserve to soften the impact of the
coronavirus outbreak.
Posted by Reuters
