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UAE Central Bank Hikes Rates by 25 Basis Points in September

MT Newswires·09/16/2026 23:15:41
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11:15 PM EDT, 09/16/2026 (MT Newswires) -- The Central Bank of the United Arab Emirates raised the base rate applicable to the overnight deposit facility by 25 basis points to 3.9%, effective Thursday. Meanwhile, the interest rate applicable to borrowing short-term liquidity was maintained at 50 basis points above the base rate for all standing credit facilities, according to a Wednesday release. The CBUAE's decision follows the US Federal Reserve's move to increase the interest rate on reserve balances.