Risks Of Higher-For-Longer Policy Rate In The UAE In H2 2024 Are Rising
Country Risk / Middle East / Wed 22 May, 2024
Key View
- In line with our Global team’s view of the Fed’s monetary policy, we think that the Central Bank of the UAE (CBUAE) will gradually cut the base rate to 4.65% by end-2024 starting in July. Risks of delayed rate cuts are high.
- Stubbornly robust increase in rent prices prompted us to revise up our 2024 forecast for Dubai’s average inflation