L’inflation est beaucoup trop élevée et nous comprenons les difficultés qu’elle cause, et nous agissons rapidement pour la faire baisser, a déclaré le président de la Réserve fédérale américaine.
Following the US Federal Reserve’s move to raise rates for the second time this year, the Central Bank of the UAE (CBUAE) has also decided to raise the base rate applicable to the overnight deposit facility (ODF) by 50 basis points, effective from Thursday, 5 May 2022.
On Wednesday, 4 May, the US Federal Reserve Board increased the interest on reserve balances (IORB) by 50 basis points for the first time since 2000.
The UAE Central Bank’s base rate, which is anchored to the US Federal Reserve’s IORB, signals the general stance of the CBUAE’s monetary policy. LINK TO ARTICLE
