Fri, Nov 22, 2024 | Jumada al-Awwal 20, 1446 | DXB ktweather icon0°C

UAE central bank increases base rate by 25 basis points

It said that it has also decided to maintain the rate applicable to borrowing short-term liquidity

Published: Wed 16 Mar 2022, 11:38 PM

  • By
  • Reuters

Top Stories

File

File

The United Arab Emirates central bank said on Wednesday that it was raising its base rate 25 basis points after the U.S. Federal Reserve Board's decision to raise rates by the same margin.

The UAE central bank said it has also decided to maintain the rate applicable to borrowing short-term liquidity from it through all standing credit facilities at 50 basis points above the Base Rate.



Next Story