CBUAE maintains Base Rate at 5.40%

CBUAE maintains Base Rate at 5.40%
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 percent.This decision was taken following the U.S. Federal Reserve’s announcement on 13th December to keep the Interest on Reserve Balances (IORB) unch