The Central Bank of the United Arab Emirates slashed its benchmark interest rate by 25bps to 2.25 percent during its September meeting, after US policymakers cut interest rates for the second time this year. Interest Rate in the United Arab Emirates averaged 1.45 percent from 2007 until 2019, reaching an all time high of 4.75 percent in November of 2007 and a record low of 1 percent in January of 2009.
Interest Rate in the United Arab Emirates is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in the United Arab Emirates to stand at 1.75 in 12 months time. In the long-term, the United Arab Emirates Interest Rate is projected to trend around 2.25 percent in 2020, according to our econometric models.