The Central Bank of the United Arab Emirates raised its key rate by 25 bps to 2.75 percent on December 19th 2018, following the Fed's decision to hike the funds rate by 25 bps. The certificates of deposits rate were also increased by the same margin. Interest Rate in the United Arab Emirates averaged 1.38 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 2.75 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 2.75 in 12 months time. In the long-term, the United Arab Emirates Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.