The Central Bank of the UAE maintained the Base Rate applicable to the Overnight Deposit Facility at 3.65% on 17 June 2026, following the US Federal Reserve’s decision to leave the Interest Rate on Reserve Balances unchanged. The central bank also kept the rate on borrowing short-term liquidity from the Central Bank of the UAE at 50 basis points above the Base Rate for all standing credit facilities. The Central Bank of the UAE said the Base Rate is anchored to the US Federal Reserve’s Interest Rate on Reserve Balances, signals the general stance of monetary policy, and provides an effective floor for overnight money market interest rates in the UAE.
Central Bank of the UAE2026-06-17
Central Bank of the UAE holds Base Rate at 3.65%
The Central Bank of the UAE kept the Base Rate for the Overnight Deposit Facility unchanged at 3.65% on 17 June 2026, following the US Federal Reserve’s decision to leave the Interest Rate on Reserve Balances unchanged. It also maintained the rate on short-term liquidity borrowing at 50 basis points above the Base Rate for all standing credit facilities.