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Central Bank of the UAE

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2025-03-132025-03-131111100
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2025-03-132025-03-131111100
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UAE central bank reports monetary growth and rate cut in December 2024

The Central Bank of the UAE reported growth in key monetary aggregates for December 2024, with M1 rising by 2.3% to Dh946.4 billion, M2 increasing by 1.7% to Dh2.31 trillion, and M3 up by 0.4% to Dh2.77 trillion. The monetary base expanded by 4.4%, while gross banks’ assets grew by 2.4% to Dh4.56 trillion, driven by a notable 8.3% rise in foreign credit. Additionally, bank deposits increased by 1.5%, influenced by a significant 13.9% surge in non-resident deposits.
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07:22 13.03.2025
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