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The Likely Impact of UAE Monetary Policy Tightening

On the back of improved conditions in the US economy as indicated by higher real GDP growth and low unemployment rates, by December 2015 the US Federal Reserve embarked on launching monetary policy normalization by tightening its monetary stance through raising interest rates and downsizing its balance sheet size. And due to the Dirham peg to the US dollar, the UAE monetary policy should follow that of the US. However, in ?recent years the UAE economy is witnessing a relative slowdown compared to historical trends, which imply that the UAE economy should follow a more loose monetary policy rather than tight one. This report attempts to assess the likely impact of tight monetary policy on the UAE economic outlook and the possible channels of transmission.

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Pubished on: 11-07-2018

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لمشاهدة أفضل، يرجى استخدام الإتجاه العامودي للجوال

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