Lower rates from the Fed will give a boost to GCC economies

The Federal Reserve cut rates by 25bps at its September FOMC meeting but gives a hawkish tone to its outlook as it weighs downside risks to the labour market with risks to inflation. 

Central banks across the GCC have cut rates in line with the Fed.

Lower rates will provide an additional boost to non-oil economies across the GCC, helping to free up funds for consumption and investment.

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