UAE's central bank cuts base rate by 25 bps, statement says
- 2024-12-19
- 10:04:17
Breaking News
The central bank of the United Arab Emirates cut its base rate applied to the overnight deposit facility by 25 basis points on Wednesday, from 4.65% to 4.40%, effective Dec. 19.
The move followed the Federal Reserve's decision to cut U.S. rates by 25 bps.
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