Citi Private Bank

Browser Requirement

To best view Citi Private Bank's site and for a better overall experience, please update your browser to a newer version using the links below.

System Outage
Citi Private Bank logo
Easier-US-Fed-policy-welcomed-by-Gulf-policymakers

Perspectives

Easier US Fed policy welcomed by Gulf policymakers

Author

By Maya Issa, Global Investment Strategy

October 10, 2019Posted InEquities, Fixed Income and Investment Strategy

  • We expect the Fed to cut rates another 25 basis points at its October meeting, and to continue its role to boost liquidity in markets
  • Lower interest rates have increased debt issuance in the Middle East
  • Sovereigns and companies in Middle East and North Africa (MENA) have raised around $85 billion in dollar and euro securities this year
  • Impact on oil markets following attacks on Saudi Arabia's oil infrastructure fades
  • Investors turn focus on macro challenges afflicting the market
  • Saudi Arabia's non-oil GDP growth showing signs of pickup in 2Q'2019
  • Potential sign the economy is moving ahead once more after the effects of austerity measures imposed following the oil price slump in 2014

Click here to read Middle East Strategy