Markets are pricing a 96 per cent probability the US will cut rates by 25 basis points to a new range of 4.25 per cent to 4.50 per cent.
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The central bank of the United Arab Emirates cut its base rate applied to the overnight deposit facility by 25 basis points on Wednesday, from 4.65 per cent to 4.40 per cent, effective Dec. 19. The move followed the Federal Reserve’s decision to cut US rates by 25 bps.
Markets are pricing a 96 per cent probability the US will cut rates by 25 basis points to a new range of 4.25 per cent to 4.50 per cent.
Markets are pricing a 96 per cent probability the US will cut rates by 25 basis points to a new range of 4.25 per cent to 4.50 per cent.
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