UAE Holds Base Rate at 15 Basis Points After Fed Report
ABU DHABI: The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 15 basis points, effective from July 29, 2021. This decision was taken following the US Federal Reserve Board’s announcement on July 28, 2021, to set the Interest on Reserve Balances (IORB) … Read more