The Central Bank of the United Arab Emirates increased the base rate of its overnight deposit facility by 25 bps to 4.9% in its March meeting, tracking the increase in the US federal funds rate, as the Emirati Dirham is pegged to the dollar. source: Central Bank of the United Arab Emirates
Interest Rate in the United Arab Emirates averaged 1.40 percent from 2007 until 2023, reaching an all time high of 4.90 percent in March of 2023 and a record low of 0.15 percent in July of 2021. This page provides - United Arab Emirates Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Arab Emirates Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Interest Rate in the United Arab Emirates is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Arab Emirates Interest Rate is projected to trend around 4.15 percent in 2024 and 3.15 percent in 2025, according to our econometric models.