Central Bank raises base rate by 25 basis points
The Central Bank of the UAE (CBUAE) has increased its base rate by 25 basis points, effective immediately. This affects all UAE banks, financial institutions, and borrowers whose loan rates are tied to the base rate. Monitor your financing costs and review any variable-rate debt or deposit products for changes to interest income and expense.
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- Applies to
- Financial services · UAE
- What to do
- No action required — monitor for further change.
Source
“The Central Bank of the UAE (CBUAE) has increased its base rate by 25 basis points, effective immediately. This affects all UAE banks, financial institutions, and borrowers whose loan rates are tied to the base rate.”
— Central Bank of UAE, 26 Jul 2023
Source: Central Bank of UAE — official 26 Jul 2023 Read the original ↗ More from Central Bank of UAE →
Quick answers
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
26 Jul 2023.
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-raises-the-base-rate-at-25-basis-points/
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