UAE Central Bank Holds Key Interest Rate Steady
Base rate maintained at 4.40% in alignment with US Federal Reserve
The Central Bank of the United Arab Emirates has kept its overnight deposit facility rate at 4.40 percent, reflecting the recent decision by the US Federal Reserve to pause interest rate changes.
With the dirham pegged to the dollar, this move ensures stability in domestic borrowing costs and reinforces investor confidence amid global economic uncertainties.
With the dirham pegged to the dollar, this move ensures stability in domestic borrowing costs and reinforces investor confidence amid global economic uncertainties.
