Regulation, Risk & Compliance
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Central Bank Of The United Arab Emirates Maintains Base Rate Unchanged At 3.65% Following Fed Decision
The Central Bank of the United Arab Emirates has announced its decision to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 3.65%. This strategic monetary policy stance follows the U.S. Federal Reserve's recent announcement to keep the interest rate on reserve balances (IORB) unchanged…
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