The Central Bank of the United Arab Emirates increased the base rate of its overnight deposit facility by 75bps to 3% on June 15th 2022, tracking the increase in the US federal funds rate, as its currency is pegged to the dollar. The bank said it would maintain the rate on borrowing short-term liquidity from the CBUAE through all standing credit facilities at 50 basis points above the base rate. source: Central Bank of the United Arab Emirates
Interest Rate in the United Arab Emirates averaged 1.49 percent from 2007 until 2022, reaching an all time high of 4.75 percent in November of 2007 and a record low of 1 percent in January of 2009. This page provides - United Arab Emirates Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Arab Emirates Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
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. In the long-term, the United Arab Emirates Interest Rate is projected to trend around 4.75 percent in 2023, according to our econometric models.