The central banks of the UAE, Kuwait, Bahrain and Saudi Arabia late on Wednesday cut interest rates following the US Federal Reserve's decision to reduce rates by 25 basis points earlier on Wednesday. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-c…","video_id":"cfa14622-73ab-415f-913f-905eb942a0b9","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Cities to Travel to in 2020"} The cut in interest rates will reduce borrowing cost for personal loans, auto loans and home loans etc. All these GCC countries' currencies are pegged to the US dollar ...