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 July 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.

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United Arab Emirates Interest Rate



Related Last Previous Unit Reference
Interest Rate 3.00 2.25 percent Jun 2022
Money Supply M1 712116.00 706500.00 AED Million Feb 2022
Money Supply M0 113631.00 110974.00 AED Million Feb 2022
Money Supply M2 1570345.00 1563400.00 AED Million Feb 2022
Money Supply M3 1867816.00 1856559.00 AED Million Feb 2022
Loans To Private Sector 769916.00 771661.00 AED Million Feb 2022
Loan Growth 1.80 1.20 percent Feb 2022

United Arab Emirates Interest Rate
In the United Arab Emirates the interest rate decisions are taken by the Central Bank of the United Arab Emirates. The official interest rate since November 2007 is overnight repurchase rate.
Actual Previous Highest Lowest Dates Unit Frequency
3.00 2.25 4.75 1.00 2007 - 2022 percent Daily

News Stream
UAE Raises Key Rate to 3% After Fed Decision
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.
2022-06-15
UAE Raises Interest Rate in Line with Fed
The Central Bank of the United Arab Emirates increased the base rate of its overnight deposit facility by 50bps to 2.25% on May 4th 2022, tracking the increase in the federal funds rate. The bank said it would maintain the rate on borrowing short-term liquidity from the CBUAE through all standing credit facilities at 50 bps above the base rate.
2022-05-04
UAE Raises Interest Rate in Line with Fed
The Central Bank of the United Arab Emirates increased the base rate of its overnight deposit facility by 25bps on March 16th 2022, tracking the increase in the federal funds rate. At the same time, the central bank maintained the rate on borrowing short-term liquidity from all standing credit facilities as 50bps above the base rate at 2%.
2022-03-16