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UAE keeps key interest rate unchanged in October, mirroring US Fed move

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Gulf News
“UAE keeps key interest rate unchanged in October, mirroring US Fed move”

Dubai: The Central Bank of the UAE (CBUAE) announced late Wednesday it has decided to keep the base rate on overnight deposit facilities at 3.9%. Get updated faster and for FREE: Download the Gulf News app now - simply click here. This CBUAE decision was taken following the US Federal Reserve's decision to leave interest rates unchanged despite persistently high inflation and a spike in energy prices in the world's largest economy. UAE interest rates: No cut expected today as central banks seen…

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