September 26, 2018 / 7:01 PM / 3 months ago

UAE central bank raises interest rates by 25 bps

DUBAI, Sept 26 (Reuters) - The United Arab Emirates central bank said on Wednesday it was raising its repo rate by 25 basis points, and also raising interest rates on the issuance of its certificates of deposit in line with the increase in U.S. dollar rates.

The central bank was acting after the U.S. Federal Reserve hiked rates by 25 bps. (Reporting by Andrew Torchia Editing by Robin Pomeroy)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below