On December 10, local time, after the Federal Reserve announced a 25 basis point cut in interest rates, the UAE Central Bank announced that it would lower its benchmark interest rate by 25 basis points to 3.65%. Since 1997, the UAE has kept its currency, the dirham, on the US dollar. Therefore, every time the Federal Reserve changes interest rates, the UAE central bank adjusts its interest rate accordingly.

On December 10, local time, after the Federal Reserve announced a 25 basis point cut in interest rates, the UAE Central Bank announced that it would lower its benchmark interest rate by 25 basis points to 3.65%. Since 1997, the UAE has kept its currency, the dirham, on the US dollar. Therefore, every time the Federal Reserve changes interest rates, the UAE central bank adjusts its interest rate accordingly.