CBUAE keeps base rate unchanged

The Central Bank of the UAE (CBUAE) kept its Base Rate for the Overnight Deposit Facility at 4.40 per cent, following the US Federal Reserve’s decision to hold the Interest Rate on Reserve Balances.

The CBUAE also maintained the short-term borrowing rate at 50 basis points above the Base Rate for all standing credit facilities. The Base Rate, linked to the Fed’s policy, serves as a key indicator of the UAE’s monetary stance and sets the floor for overnight market rates.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama

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