24 Hrs
Source:
المشهد العربي
UAE Central Bank increases base rate
The Central Bank of the United Arab Emirates raised the base rate by 25 basis points, increasing it from 4.65% to 4.90% starting September 17, following the U.S. Federal Reserve's decision to raise interest rates by the same margin. This measure is part of its policy to combat inflation. Additionally, the central bank maintained the liquidity borrowing rate at a steady 50 basis points above the base rate. This adjustment reflects the link between the base rate and Federal Reserve policies and influences the direction of monetary policy in the UAE.
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