CBUAE raises base rate at 25 basis points

ABU DHABI, 3rd May, 2023 (WAM) -- The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points - from 4.90 percent to 5.15 percent, effective from Thursday, 4th May 2023.

This decision was taken following the US Federal Reserve