Thursday 22 March 2018

UAE central bank raises rates by 25 bps

UAE central bank raises rates by 25 bps:

"The United Arab Emirates central bank said on Wednesday that it was raising its repo rate by 25 basis points to 2.0 percent, and increasing interest rates on certificates of deposit by a similar margin.

Its decision followed the U.S. Federal Reserve’s decision to hike rates by 25 bps. "



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