CBUAE maintains Base Rate at 5.15%

Wed 14-06-2023 23:00 PM

ABU DHABI, 14th June, 2023 (WAM) -- The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) unchanged at 5.15 percent, effective from Thursday, 15th June, 2023.

This decision was taken following the U.S. Federal Reserve Board's announcement on 14th June, 2023, to keep the Interest on Reserve Bala