Regulation, Risk & Compliance
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UAE central Bank raises base rate by 25 basis points
The Central Bank of the UAE has decided to raise the base rate applicable to the overnight deposit facility (ODF) by 25 basis points – from 4.4 per cent to 4.65 per cent, effective from Thursday, February 2. This decision was taken following the US Federal Reserve Board’s announcement on…
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Click here to read the full story: Gulf Business