U.A.E. Interbank Rate Drops to 2-Month Low as Deposits Increase

  • Three-month Eibor retreats to its lowest level since December
  • Bank deposits climbed $6 billion at the end of the year

A key interest rate in the United Arab Emirates fell to the lowest in almost two months on Sunday after bank deposits in the second-biggest Arab economy swelled and as the prospect of rate increases in the U.S. fades.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.