Publish dateThursday 2 May 2024 - 20:14
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Economy
Story Code : 409
Arab Central Bank:

We fix the base rate

The Central Arab Bank (CBUA) has announced that it will keep the Arab Central Bank (ODF) at 5.40 percent.
photo: wam
photo: wam
According to Amac News: The Central Bank of the United Arab Emirates has announced this decision since today, the Federal Reserve of the United States has offered to keep the Reserve Balance Score (IORB) stable.
The CBUAE also takes a single decision to keep the interest rate applicable for borrowing short-term liquidity from this bank at 50 basis points above the base rate for all credit facilities.
The base rate indicated the overall monetary policy stance and provides the money market interest rate in the UAE.
 
https://amacnews.com/vdcic3a52t1au.lit.html
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CBUAE The Central Arab Bank ODF
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