US Fed raises interest rates: What does it mean for the UAE?
The National — Business
thenationalnews.com
Summary
The Central Bank of the UAE on Wednesday raised its base rate for the Overnight Deposit Facility by 25 basis points to 3.9 per cent from 3.65 per cent. This comes after the US Federal Reserve raised interest rates by 25 basis points, from 3.75 to 4 per cent, as policymakers responded to…
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