Gulf states and the dollar link: rate cuts to match Fed could increase inflation; betting on a "depegging"
Article Abstract:
Qatar, Bahrain, Kuwait, Saudi Arabia, and the United Arab Emirates have reduced their interest rates by a quarter of a percentage point in order to maintain the alignment of their currencies with the US dollar. Concerns over inflation, however, may drive the Gulf states to sever the alignment.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Sweden raises rates, expects further increases
Article Abstract:
Riksbank, the Central Bank of Sweden, increased its repurchase rate by a quarter percentage point, equal to the 4% repo rate of the European Central Bank. The bank also stated that it was probable that it would continue to increase rates despite currently weaker economic prospects.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
User Contributions:
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