Abu Dhabi, Dec15, 2008--The UAE has no liquidity problems, said Sultan bin Nasser Al Suweidi, Governor of the UAE Central Bank.

The UAE Central Bank chief attributed the current global credit crisis to high inter-banks lending rates.

Al Suweidi predicted a slight decline in UAE's economic growth as compared to high growth rates in the previous years.

"The impact of the current global financial crisis will be felt severely next year across the globe", Al Suweidi told reporters here today. MORE WAM/MA