UAE cbank may have role in setting monetary policy
ABU DHABI, June 8, 2015
Authorities in the United Arab Emirates are discussing changes to the country's banking law which would give the Gulf Arab state's central bank a role in determining monetary policy, the central bank governor told Reuters on Monday.
The government currently takes most decisions in the UAE.
Mubarak Rashid al-Mansouri also said in emailed comments that he expected UAE credit growth to remain robust and that there was excess liquidity in the country's banking system. – Reuters