UAE: Money supply to drop

Published January 19th, 2006 - 07:48 GMT
Al Bawaba
Al Bawaba

In 2006, consumers will borrow less to invest in the UAE stock and real estate markets, analysts said, according to Gulf News. Thus, money supply is expected to drop this year.

 

No figures are available for money supply yet for 2005, but analysts claim broad money, which includes currency and bank deposits, is set to have risen some 30 per cent in 2005, its fastest in 24 years, and up from a 23.8 per cent increase in 2004.