UAE Holds Rate after Fed Move
2025-07-31 00:28
By
Chusnul Chotimah
1 min. read
The Central Bank of the United Arab Emirates (CBUAE) maintained its overnight deposit facility base rate at 4.40% on July 30, 2025, unchanged from the previous level.
The move followed the US Federal Reserve’s decision to keep borrowing costs steady for a fifth consecutive meeting.
"The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities," the central bank said in a statement.
The UAE’s base rate, which is linked to the Fed’s reserve rate, serves as a key monetary policy tool and a benchmark for overnight market interest rates in the country.