UAE raises base rate by 50 basis points

Abu Dhabi, 14th December 2022, (WAM) – The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 basis points – from 3.9% to 4.4%, effective from Thursday, 15 December 2022. This decision was taken following the US Federal Rese...