United Arab Emirates Interest Rate

Last Release

Nov 07, 2024

Actual

4.65

Units In

4.9

Frequency

Daily

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
5.4 Jul 2023	1 Jan 2009	2.08 %	2007-2024	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 cut the base rate of its overnight deposit facility by 25 bps to 4.65 % in November 2024, closely following the Federal Reserve’s rate reduction. However, the interest rate for short-term liquidity borrowing from the regulator remained at 50 basis points above the base rate. The UAE Central Bank’s base rate, linked to the Fed's reserve rate, reflects its monetary policy stance and sets a floor for overnight market interest rates in the UAE.