{"id":60957,"date":"2024-11-07T23:54:40","date_gmt":"2024-11-07T19:54:40","guid":{"rendered":"https:\/\/www.uaebarq.ae\/en\/?p=60957"},"modified":"2024-11-07T23:54:41","modified_gmt":"2024-11-07T19:54:41","slug":"cbuae-lowers-the-base-rate-by-25-basis-points","status":"publish","type":"post","link":"https:\/\/www.uaebarq.ae\/en\/2024\/11\/07\/cbuae-lowers-the-base-rate-by-25-basis-points\/","title":{"rendered":"CBUAE Lowers the Base Rate by 25 Basis Points"},"content":{"rendered":"\n<p>The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF)<br> by 25 basis points, from 4.90% to 4.65%, effective from Friday, 08 November.<br><br>This decision was taken following the US Federal Reserve\u2019s announcement<br> today to reduce the Interest Rate on Reserve Balances (IORB) by 25 basis<br> points. The CBUAE has also decided to maintain the interest rate applicable to borrowing short-term liquidity from the CBUAE at 50 basis points above the Base Rate for all standing credit facilities.<br><br>The Base Rate, which is anchored to the US Federal Reserve\u2019s IORB, signals<br> the general stance of monetary policy and provides an effective floor for<br> overnight money market interest rates in the UAE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.90% to 4.65%, effective from Friday, 08 November.This decision was taken following the US Federal Reserve\u2019s announcement today to reduce the Interest Rate on Reserve Balances (IORB) by 25 &hellip;<\/p>\n","protected":false},"author":4,"featured_media":60959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60957","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"_links":{"self":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/60957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/comments?post=60957"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/60957\/revisions"}],"predecessor-version":[{"id":60960,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/60957\/revisions\/60960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/60959"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=60957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=60957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=60957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}