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.

Author: Critchlow, Andrew
United States, Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar, International aspects, Influence, Inflation (Finance), United States. Federal Reserve Board, Monetary policy, Inflation (Economics)

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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.

Author: Sherwood, Joel
Sweden, Comparative analysis, Economic indicators, Sweden. Central Bank of Sweden

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Subjects list: Standards, Interest rates
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