UAE may give central bank role in monetary policy

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.