CBUAE raises Base Rate at 75 basis points - Sharjah24

Sharjah 24 – 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, 28th July, 2022.

This decision was taken following the US Federal Reserve Board’s announcement on 27th July, 2022, to increase the Interest on Reserve Balances (IORB) by 75 basis points.The CBUAE also has decided to … [+366 chars]

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