uae central bank raises interest rates applied to the issuance
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

UAE Central Bank raises interest rates applied to the issuance

Arab Today, arab today

Arab Today, arab today UAE Central Bank raises interest rates applied to the issuance

UAE Central Bank
Abu dhabi - WAM

The Central Bank of the UAE, CBUAE, has announced that, as of Thursday March 16th, it will raise interest rates applied to the issuance of its Certificates of Deposits, in line with the increase in interest rates on the US Dollar, following the Federal Reserve Board’s decision to increase the Federal Funds Rate by 25 basis points at its meeting, as 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 1.25%," the bank added.

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.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae central bank raises interest rates applied to the issuance uae central bank raises interest rates applied to the issuance

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uae central bank raises interest rates applied to the issuance uae central bank raises interest rates applied to the issuance

 



GMT 23:48 2017 Wednesday ,20 December

Mohamed bin Zayed, King Salman discuss regional issues

GMT 11:19 2016 Saturday ,24 September

Kerber to strengthen number one hold in Wuhan

GMT 09:54 2016 Friday ,30 December

Shoot knife-wielding Palestinian woman

GMT 22:51 2017 Sunday ,08 January

In Zimbabwe, a first lady exerts her power

GMT 02:52 2016 Wednesday ,21 December

Obama condoles with Merkel after market attack

GMT 16:29 2017 Thursday ,26 January

Prefers social TV programs to politics

GMT 16:43 2016 Saturday ,15 October

DiCaprio issues climate action call in new documentary

GMT 15:07 2016 Monday ,18 July

Riyad Bank posts SR1.15bn net profit

GMT 04:38 2018 Wednesday ,24 January

Weak eyesight no hindrance for 'Professor' Chung

GMT 02:46 2017 Thursday ,13 July

Widodo prays at Kocatepe Mosque in Ankara city

GMT 01:29 2017 Friday ,08 December

UAE condemns US decision on Jerusalem

GMT 23:57 2017 Thursday ,19 October

Google’s sister company Deepmind forms ethics unit
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday