Base rate applicable to the Overnight Deposit Facility (ODF) stays at 3.65%
Dubai: The Central Bank of the UAE (CBUAE) announced late Wednesday it has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 3.65%.
This CBUAE decision was taken following the US Federal Reserve’s decision to leave interest rates unchanged.
“The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities.
Source: www.gulfnews.com