The Central Bank of the UAE (CBUAE) has decided to maintain its base rate at 3.65 percent. This decision aligns with the recent move by the US Federal Reserve to hold steady its own interest rates. The CBUAE typically follows the Federal Reserve’s lead due to the UAE dirham being pegged to the US dollar. Maintaining the current rate aims to support economic stability within the UAE. This is the latest in a series of decisions by the CBUAE to balance economic growth with managing inflation. No specific timeframe for potential future adjustments was indicated in the announcement. The CBUAE continues to monitor global economic developments to inform its monetary policy.
