{"id":22721,"date":"2020-07-23T21:29:43","date_gmt":"2020-07-23T17:29:43","guid":{"rendered":"https:\/\/www.uaebarq.ae\/en\/?p=22721"},"modified":"2020-07-23T21:30:07","modified_gmt":"2020-07-23T17:30:07","slug":"eibor-continues-to-dip-to-all-time-lows-creating-environment-of-business-efficiency","status":"publish","type":"post","link":"https:\/\/www.uaebarq.ae\/en\/2020\/07\/23\/eibor-continues-to-dip-to-all-time-lows-creating-environment-of-business-efficiency\/","title":{"rendered":"EIBOR continues to dip to all-time lows, creating environment of business efficiency"},"content":{"rendered":"\n<p>The Interbank lending rate (EOBOR) has continued to remarkably decline across all terms, with the six-month rate slipping to a several-year-old trough of 0.75 % on July 23rd from 2.2 % early this year, and the one-year term dipping to 1.1 % against 2.28 % during the same reference period, according to the Central Bank of the UAE&#8217;s figures.<\/p>\n\n\n\n<p>The rate serves as the yardstick for other interest rates in the economy, including lending and financing rates of differing types, which reflects positively on reducing business costs nationwide.<\/p>\n\n\n\n<p>It&#8217;s noteworthy that the United Arab Emirates is ranked 16 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings.<\/p>\n\n\n\n<p>The three-month and one-month interest rates likewise declined to 0.62 % and 0.33 % respectively.<\/p>\n\n\n\n<p>The UAE Dirham is pegged to the US Dollar and therefore the interest decline is attributed to the US Federal Reserve&#8217;s decisions that lowered interest rates more than once over the past months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Interbank lending rate (EOBOR) has continued to remarkably decline across all terms, with the six-month rate slipping to a several-year-old trough of 0.75 % on July 23rd from 2.2 % early this year, and the one-year term dipping to 1.1 % against 2.28 % during the same reference period, according to the Central Bank &hellip;<\/p>\n","protected":false},"author":2,"featured_media":22725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-22721","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-economy","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/22721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=22721"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/22721\/revisions"}],"predecessor-version":[{"id":22726,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/22721\/revisions\/22726"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/22725"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=22721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=22721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=22721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}