UAE: Lending Appetite Might Grow If Borrowing Costs Drop In 2020

UAE: Lending Appetite Might Grow If Borrowing Costs Drop In 2020

some banks could offer more competitive rates amidst stiff competition to grow market shares.. Most of the economists expect the US Federal Reserve to keep rates stable, but some see two rate cuts of 25 basis points this year.. "We believe that the US Federal Reserve will cut interest rates at least once or twice this year by 25bps each.. According to Monica Malik, key domestic indicators particularly related to GDP growth and inflation will influence the Fed's decision on rates. ". Samer Hijazi, head of Abu Dhabi Office at Grant Thornton, says the consensus view in the market is that the US Federal Reserve will keep interest rates stables for most of 2020 to manage the US economy..