How Fed's Interest Rates Decision Affects Economic Policies And Consumers In The Gulf Business Extra podcast

Content provided by The National News. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The National News or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Business Extra »
How Fed's interest rates decision affects economic policies and consumers in the Gulf

3d ago 19:25

MP3•Episode home

It’s a big week for global economies tied to the dollar with the US Federal Reserve widely expected to cut interest rates at its meeting.

Interest rates are a signal of how the Fed views the health of the economy and where it thinks things are heading. The decision heavily affects the economies of Gulf countries such as the Saudi Arabia, the UAE and Bahrain, whose currencies are tied to the dollar.

It also directly affects consumers. For example, a cut could make it cheaper to borrow to buy a car or a home, and to use your credit card, but may also lower returns on your savings.

In this week's Business Extra, host Salim Essaid is joined by James Swanston, a senior Middle East and North Africa economist at Capital Economics, to explain how the Fed's decision on interest rates could ripple through the region’s economies.

411 episodes

#UAE Economics #Business #Trading #Entrepreneur #Nation News #Middle East