Central Bank lowers base rate by 50 basis points
The Central Bank of the UAE (CBUAE) has reduced its base rate by 50 basis points, effective immediately. This affects all UAE banks, financial institutions, and borrowers whose loan rates are tied to the base rate. Monitor your lending agreements and refinancing options; your bank will notify you of any changes to your mortgage, credit facility, or deposit rates.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- No action required — monitor for further change.
Source
“The Central Bank of the UAE (CBUAE) has reduced its base rate by 50 basis points, effective immediately.”
— Central Bank of UAE, 18 Sept 2024
Source: Central Bank of UAE — official 18 Sept 2024 Read the original ↗ More from Central Bank of UAE →
Quick answers
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
18 Sept 2024.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/cbuae-lowers-the-base-rate-by-50-basis-points/
Subscribe — free
Get the next change before it's a deadline
The whole front, every morning. Free.