UAE Keeps Base Rate Unchanged The Central Bank of the UAE maintained its Overnight Deposit Facility Base Rate at 4.40% and kept the 50-basis-point corridor for short-term credit. The move aligns with the U.S. Federal Reserve’s decision to hold the Interest on Reserve Balances, reflecting the UAE dirham’s peg and policy linkage to the dollar. By keeping the rate steady, the Bank preserves the existing monetary stance and ensures current funding and overnight money-market conditions remain unchanged.

Decision: Maintain
Rate change: 0 bps
base rate: 4.4%

The Central Bank of the United Arab Emirates left the base rate on its Overnight Deposit Facility at 4.40 percent after the US Federal Reserve kept its Interest on Reserve Balances unchanged, and retained the rate on short-term liquidity available through standing credit facilities at 50 basis points above the base rate, reaffirming the base rate’s role as the effective floor for overnight dirham money-market rates; no forward guidance was offered.

Rate evolution

Information not available

Resources

Original statement Monetary policy framework information Country fact sheet