Abu Dhabi: Authorities in the United Arab Emirates are discussing changes to the country's banking law which would give the Gulf Arab state's central bank a role in determining monetary policy, the central bank governor told Reuters on Monday.
The government currently takes most decisions in the UAE.
Mubarak Rashid al-Mansouri also said in emailed comments that he expected UAE credit growth to remain robust and that there was excess liquidity in the country's banking system.
The UAE banking sector has continued to top other GCC (Gulf Cooperation Council) counterparts in terms of assets value in the first half of 2017
Image Credit: Alex Westcott/Gulf News
