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.

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.

Sweden, Comparative analysis, Economic indicators, Sweden. Central Bank of Sweden

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