Regulation, Risk & Compliance
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GCC bank’s profitability to remain strong in 2024 due to delay in US Fed’s rate cut
A delay in interest rate cuts by the US Federal Reserve will see Gulf Cooperation Council banks’ profitability remain strong in 2024, according to S&P Global Ratings. This comes as most GCC central banks typically mirror Washington’s rate movements to preserve their currency pegs. In early May, the US Fed…
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Click here to read the full story: Arab News