The Central Bank of the UAE (CBUAE) maintained the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65% on July 29, following the US Federal Reserve’s decision to keep the Interest Rate on Reserve Balances (IORB) unchanged. Over the past year, the CBUAE lowered the rate from 4.40% through three 25-basis-point cuts between September and December 2025 and has held it at 3.65% since. The central bank also kept the rate for short-term liquidity borrowing through all standing credit facilities at 50 basis points above the Base Rate, which is anchored to the IORB and provides an effective floor for overnight UAE money-market rates.
Central Bank of the UAE2026-07-29
Central Bank of the UAE Maintains Base Rate at 3.65%
The Central Bank of the UAE maintained the Overnight Deposit Facility Base Rate at 3.65% and kept short-term liquidity borrowing rates at 50 basis points above it, following the U.S. Federal Reserve’s decision to leave the Interest Rate on Reserve Balances unchanged.