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Fed cuts interest rates by 25bps; Powell says it’s a ‘midcycle adjustment’ and not the beginning of a long series of rate cuts .....

Summary

  1. Fed cuts interest rates by 25bps; Powell says it’s a ‘midcycle adjustment’ and not the beginning of a long series of rate cuts
  2. UAE, Saudi Arabia and Bahrain cut rates by 25bps after Fed; Kuwait holds
  3. Oman’s finance ministry says it has no plans to postpone VAT
  4. Saudi Arabia's public debt rises 12% in H1

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