Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
CBUAE will raise interest rates by 25 basis points
 

Dubai, UAE, June 14, 2018:  The Central Bank of the UAE (CBUAE) announced that, effective Thursday, 14 June 2018, it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on US Dollar, following the Federal Reserve Board’s decision to increase the Federal Funds Rate by 25 basis points at its meeting 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 2.25%.

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.

 


Posted by : Dubai PR Network Editorial Team
Viewed 6661 times
PR Category : Banking & Investments
Posted on : Thursday, June 14, 2018  10:43:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : A Fresh New Look to the World's Oldest Islamic Bank
Next Story : Central Bank of the UAE
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of the precisio... [15598-Views]
PopSockets launches a new collection with crystals from Swarovski, the must-have accessory... [12560-Views]
Maintain Healthy Skin Year Round [12474-Views]
Free gold coins at Malabar Gold & Diamonds Festival [10083-Views]
MIDO Baroncelli Lady Day & Night collection [9992-Views]
24 Karat Gold Elixir by Mehrunisa Launches in the UAE Beauty Market [9339-Views]
Interview with Asil Attar, CEO of Al Yasra Fashion [8357-Views]
Holiday Gifting Made Easy with Wet n Wild Beauty Specials [7936-Views]
Get Ready for Party Season with Lottie's new make-up hits [7765-Views]
Tissot PR100 Lady Sport – Chic Glamourous Festive Season [7338-Views]
Festive Gift Sets from Bubble T [7320-Views]
Winter wool Christmas must- haves [7046-Views]
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Palm Jumeirah [6930-Views]
Samsung Galaxy A9 – Designed to capture the world in its fullest [6094-Views]
New 1948 Seamaster Watches Join the Ranks' [5874-Views]
Michael Kors Collection Transeason 2019 Press Presentation [5832-Views]
Chic and Stylish Wraps with a 3 in 1 effortless concept [5819-Views]
DKNY Launches (Limited Edition) Holiday 2018 Collection [5386-Views]
9th Edition of China Homelife Exhibition to Have Over 3000 Exhibitors Across Business Sect... [5197-Views]
New Menu alert: Moombai & Co. launches exciting and delicious food items to its menu [5094-Views]
Tissot PR100 Lady Sport – Chic Sporty yet Feminine [5032-Views]
Els Back for the 30th Omega Dubai Desert Classic Aiming for a Record Fourth Victory [4972-Views]
Dubai Shopping Festival Wednesday Specials at The Smile Bar [4581-Views]
Global Knowledge Index 2018 and The Future of Knowledge: A Foresight Report shine at Knowl... [4300-Views]
Get Party Ready with Champion Cleaners [4282-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories