Globally, central bank actions have been decisive and far-reaching.  the CBUAE has taken several steps to support the sector in the UAE. It is allows banks to free up their regulatory capital buffers to boost lending capacity. They will have access to loans and advances extended at zero cost against collateral by the CBUAE. They will be allowed to tap into a maximum of 60% of their capital conservation buffer, and those designated as systemically important will be able to use 100% of their additional capital buffer. The CBUAE is also reducing the amount of capital banks have to hold for their loans to SMEs by 15 to 25%, which will facilitate this sector’s access to financing

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