The Central Bank of the United Arab Emirates (CBUAE) on 18 March 2026 left the Base Rate on its Overnight Deposit Facility unchanged at 3.65% after the US Federal Reserve kept the Interest Rate on Reserve Balances steady, preserving alignment with its USD anchor. Following three 25 bp cuts between September and December 2025, the Base Rate has remained at 3.65% since January 2026. The CBUAE also held the rate on short-term liquidity borrowing through standing credit facilities at 50 bp above the Base Rate, keeping the established corridor that provides the effective floor for overnight money-market rates. The statement offered no additional domestic macroeconomic data or forward guidance.
Central Bank of the UAE 2026-03-18
CBUAE keeps Base Rate on Overnight Deposit Facility steady at 3.65% (18 Mar 2026)
The Central Bank of the United Arab Emirates kept the Base Rate on its Overnight Deposit Facility at 3.65 %, matching the US Federal Reserve’s steady stance and extending the hold that followed three 25 bp cuts between September and December 2025. It also left the standing credit facility rate 50 bp above the Base Rate, preserving the corridor for overnight market rates and offering no further data or guidance.