The Central Bank of the UAE raised its base rate applicable to the Overnight Deposit Facility by 5 basis points on Thursday. Ryan Carter / The National
The Central Bank of the UAE raised its base rate applicable to the Overnight Deposit Facility by 5 basis points on Thursday. Ryan Carter / The National

Business

The Central Bank of UAE raises base rate by 5 basis points following Fed move

The rate signals the general stance of the CBUAE’s monetary policy, the regulator says

Sarmad Khan
Sarmad Khan

June 17, 2021