UAE, 30 January, 2025 : The Central Bank of the UAE (CBUAE) has announced that it will keep the Base Rate for the Overnight Deposit Facility (ODF) unchanged at 4.40%.
The decision follows the US Federal Reserve’s move to maintain the Interest Rate on Reserve Balances (IORB). The CBUAE also confirmed that the interest rate for borrowing short-term liquidity from the central bank will remain 50 basis points above the Base Rate for all standing credit facilities.
Anchored to the US Fed’s IORB, the Base Rate reflects the UAE's monetary policy stance and provides an effective floor for overnight money market rates in the country.
Source : www.centralbank.ae
