UAE Central Bank raises base rate by 75 basis points

WAM

The Central Bank of the UAE (CBUAE) will raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points – from 2.4 per cent to 3.15 per cent, effective from September 22.

It follows the US Federal Reserve Board’s decision to increase the Interest on Reserve Balances (IORB) by 75 basis points.

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

The Base Rate signals the general stance of the CBUAE’s monetary policy and provides an effective interest rate floor for overnight money market rates.

More from Business

Latest Blogs

  • PINOY BULLETIN: JUNE 02 - 06, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.

  • PINOY BULLETIN: MAY 26 - 30, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.