WAM
19 Jun 2025, 00:13 GMT+10
ABU DHABI, 18th June, 2025 (WAM) -- The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 percent
This decision was taken following the US Federal Reserve's announcement today to keep the Interest Rate on Reserve Balances (IORB) unchanged.
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.
Get a daily dose of Perth 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 Perth Herald.
More InformationNEW DELHI, India: Amid mounting U.S.-China trade tensions, Apple has sharply increased iPhone shipments from India to the United States,...
WASHINGTON, D.C.: The U.S. government estimates that Huawei will only be able to manufacture up to 200,000 advanced AI chips next year—well...
DUBLIN, Ireland: Ryanair chief executive Michael O'Leary received a total pay package of 3.83 million euros for the financial year,...
ABU DHABI, 18th June, 2025 (WAM) -- The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight...
New Delhi [India], June 18 (ANI): At the Digital Payment Award distribution ceremony held in the national capital, Union Minister for...
Gandhinagar (Gujarat) [India], June 18 (ANI): In the aftermath of the recent tragic AI 171 plane crash in Ahmedabad, the Civil Hospital...
BANFF, Alberta: The recent G7 summit has convened for the second and final day in the picturesque Canadian Rockies amidst escalating...
Brussels has introduced new rules that could place restrictions on countries found in violation of the UN charter or international...
Dubai [UAE], June 18 (ANI): The International Cricket Council unveiled the ICC Women's T20 World Cup 2026 schedule on Wednesday, which...
New Delhi [India], June 18 (ANI): Republic of Korea's Kisik Lee is set to be the new head coach of India's national recurve archery...
London [UK], June 18 (ANI): As discussions around India's playing eleven for the first Test against England at Leeds continue, with...
Kananaskis [Canada], June 18 (ANI): Prime Minister Narendra Modi joined world leaders for a group photograph at the 51st G7 Summit...