UAE Central Bank Lowers Key Benchmark Rate To 4.15 Per Cent

2025-09-17 02:36:32

(MENAFN- Khaleej Times)

The Central Bank of the UAE on Wednesday lowered its key benchmark rate to 4.15 per cent.

In a statement, the UAE Central Bank said that the base rates applicable to the overnight deposit facility has been reduced to 4.15 per cent from 4.4 per cent earlier.

Recommended For You

The apex bank's decision comes after the US Federal Reserve lowered its interest rates by 25 basis points on Wednesday, marking its first policy shift of the year. The UAE follows US monetary policy as the dirham is pegged to the US dollar.

Stay up to date with the latest news. Follow KT on WhatsApp Channels.

MENAFN17092025000049011007ID1110075948

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.