UAE: CBUAE Keeps Base Rate Steady At 5.40 Percent
13 Jun 2024
The Central Bank of the UAE (CBUAE) has opted to retain the Base Rate for the Overnight Deposit Facility (ODF) at 5.40 percent. This decision aligns with the US Federal Reserve's choice to maintain the Interest Rate on Reserve Balances (IORB). Additionally, the CBUAE has chosen to keep the interest...
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