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UAE Central Bank Keeps Base Rate at 4.40% After Fed Decision

UAE Central Bank Keeps Base Rate at 4.40% After Fed Decision

Post by : Mariam Al-Faris

Photo: WAM

The Central Bank of the UAE (CBUAE) has decided to keep the Base Rate for the Overnight Deposit Facility (ODF) at 4.40%. This move comes after the US Federal Reserve announced that it would keep its interest rate on Reserve Balances (IORB) the same.

The CBUAE also decided to maintain the interest rate for borrowing short-term funds from the bank. This rate will be 50 basis points higher than the base rate for all types of credit facilities.

The base rate, which is based on the US Federal Reserve’s IORB, reflects the overall monetary policy in the UAE. It also sets the minimum interest rate for overnight loans in the country.

June 19, 2025 10:42 a.m. 1664

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