{"id":61291,"date":"2024-12-19T00:07:59","date_gmt":"2024-12-18T20:07:59","guid":{"rendered":"https:\/\/www.uaebarq.ae\/en\/?p=61291"},"modified":"2024-12-19T00:08:02","modified_gmt":"2024-12-18T20:08:02","slug":"cbuae-lowers-the-base-rate-by-25-basis-points-2","status":"publish","type":"post","link":"https:\/\/www.uaebarq.ae\/en\/2024\/12\/19\/cbuae-lowers-the-base-rate-by-25-basis-points-2\/","title":{"rendered":"CBUAE Lowers the Base Rate by 25 Basis Points"},"content":{"rendered":"\n<p>The Central Bank of the UAE (CBUAE) has<br> decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.65% to 4.40%, effective from Thursday, 19 December.<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.<br><br>The CBUAE has also decided to maintain the interest rate applicable to<br> 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 4.65% to 4.40%, effective from Thursday, 19 December. This decision was taken following the US Federal Reserve\u2019s announcement today to reduce the Interest Rate on Reserve Balances (IORB) by &hellip;<\/p>\n","protected":false},"author":4,"featured_media":61292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61291","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\/61291","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=61291"}],"version-history":[{"count":1,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/61291\/revisions"}],"predecessor-version":[{"id":61293,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/posts\/61291\/revisions\/61293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media\/61292"}],"wp:attachment":[{"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/media?parent=61291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/categories?post=61291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uaebarq.ae\/en\/wp-json\/wp\/v2\/tags?post=61291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}