Borrowing costs for personal, auto, and home loans in the UAE are most likely to remain stable, or could slightly drop in 2020.

Most of the economists expect the US Federal Reserve to keep rates stable, but some see two rate cuts of 25 basis points this year. Since the UAE follows the Fed in policy rates, the Fed's decision will be directly reflected in the UAE's rates. However, some banks could offer more competitive rates amidst stiff competition to grow market shares.

Though some economists talk of a likelihood of recession in the US, several believe that the economy is functioning well and a recession is unlikely in the near-term.