CBUAE raises the Base Rate at 75 basis points - Sharjah24

Sharjah24 – WAM: The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective from Thursday, 16 June 2022.

This decision was taken following the US Federal Reserve Board’s announcement on 15 June 2022 to increase the Interest on Reserve Balances (IORB) by 75 basis points.The CBUAE also has decided to main… [+362 chars]

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