Search DubaiPRNetwork.com

Home >> Banking & Investments

CBUAE will raise interest rates by 25 basis points

Thursday, June 14, 2018/ Editor -  

Share

Home >> Banking & Investments

Dubai, UAE, June 14, 2018:  The Central Bank of the UAE (CBUAE) announced that, effective Thursday, 14 June 2018, it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar, following the Federal Reserve Board’s decision to increase the Federal Funds Rate by 25 basis points at its meeting of today.

The Repo Rate applicable to borrowing short-term liquidity from CBUAE against Certificates of Deposits has also been increased by 25 basis points to 2.25%.

Certificates of Deposit, which CBUAE issues to banks operating in the country, are the monetary policy instrument through which changes in interest rates are transmitted to the UAE banking system.

 


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Shop and earn Skywards Miles at The Dubai Mall

Beautiful Freaks

Alfahim Announces New Three-year Partnership With UAE Triathlon Federation

Infinix Partners With Google to Launch New Mobile Innovation in the Middle East ...

The Rado True Open Heart Automatic

KHDA accredited Parent Education Courses equip parents with positive parenting t ...

GUESS Trend Alert | The Summer Blues

Dubai Cares launches ‘WASH UP! Girl Talk' program in Zimbabwe to promote healthy ...

TAG Heuer back at the 24 Hours of Le Mans

CBUAE Announces New Caps on Banking Fees for Customers

UAE Team Emirates Blend Youth and Experience as They Announce Line-up for Italia ...

Ericsson and MTS to deliver superior mobile broadband experiences for football f ...

Samsung Introduces Sunrise Gold and Coral Blue Editions for the Galaxy S9 and S9 ...

Hyperloop Transportation Technologies Signs Agreement for Commercial System in U ...

Commitment and Protection – the increasing importance of DIFC Wills amid economi ...

RAYMOND WEIL Freelancer ACDC Limited Edition

Eberhard & Co. Scafograf Black Sheep

Saint Honore Allure Lady-Charming colour

NEP and Tata Communications complete the remote production of VIVO Indian Premie ...

Tommy Hilfiger introduces latest SS18 women's watch collection