The Central Arab Bank (CBUA) has announced that it will keep the Arab Central Bank (ODF) at 5.40 percent.
Publish dateThursday 2 May 2024 - 20:14
Arab Central Bank:
We fix the base rate
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.
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Source : news agency wam
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