United Arab Emirates Interest Rate

Last Release

Sep 20, 2023

Actual

5.4

Units In

5.4

Frequency

Daily

Next Release

Nov 01, 2023

Time to Release

1 Months 10 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
5.4 Jul 2023	1 Jan 2009	1.84 %	2007-2023	Central Bank of the United Arab Emirates

In the United Arab Emirates the interest rate decisions are taken by the Central Bank of the United Arab Emirates. The official interest rate since November 2007 is overnight repurchase rate.

Latest Updates

The Central Bank of the United Arab Emirates maintained the base rate of its overnight deposit facility on hold at 5.4% on September 21st after the Federal Reserve hit pause for the second time this year, as the Emirati Dirham is pegged to the dollar. The central bank also has decided to maintain the rate applicable to borrowing short-term liquidity from the CBUAE through all standing credit facilities at 50 bps above the base rate.