ANI
18 Sep 2025, 06:00 GMT+10
Abu Dhabi [UAE], September 18, 2025 (ANI/WAM): The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.40 per cent to 4.15 per cent, effective from Thursday, 18 September.
This decision was taken following the US Federal Reserve's announcement today to reduce the Interest Rate on Reserve Balances (IORB) by 25 basis points.
The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities.
The Base Rate, which is anchored to the US Federal Reserve's IORB, signals the general stance of monetary policy and provides an effective floor for overnight money market interest rates in the UAE. (ANI/WAM)
Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationAbu Dhabi [UAE], September 18, 2025 (ANI/WAM): The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the...
Lowering interest rates will help a struggling labor market, where some people are having a hard time finding jobs, said Fed Chair...
(250917) -- WASHINGTON, Sept. 17, 2025 (Xinhua) -- U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington,...
(250917) -- WASHINGTON, Sept. 17, 2025 (Xinhua) -- Photo taken on Sept. 17, 2025 shows the Federal Reserve building in Washington,...
WASHINGTON, Sept. 17 (Xinhua) -- The U.S. Federal Reserve on Wednesday decided to lower the target range for the federal funds interest...
New Delhi [India], September 17 (ANI): Union Commerce and Industry Minister Piyush Goyal will be on a two-day visit to United Arab...
(250917) -- CAIRO, Sept. 17 (Xinhua) -- Egyptian Social Solidarity Minister Maya Morsy speaks during an event to honor the Egyptian...
WASHINGTON -- For decades, most major US tech companies and investors steered clear of the Pentagon. Some were turned off by the...
Would the US sacrifice New York for Paris? From Europe to Asia, Washingtons alliances are fraying Whether we like it or not, the...
CAIRO, 18th September, 2025 (WAM) - Egyptian President Abdel-Fattah El-Sisi praised Spain's recognition of a Palestinian state and...
Moscow has warned that confiscation of its assets immobilized in the West would constitute theft Brussels is pressing ahead with...
GAZA, Sept. 17 (Xinhua) -- Smoke choked the skies over Gaza City on Wednesday as Israeli tanks, under the cover of a relentless artillery...
