UAE maintains benchmark interest rate at 3.65% following US Fed decision
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The Central Bank of the UAE on Wednesday held its benchmark interest rate at 3.65 per cent.
In a statement, the bank said it was maintaining the base rate applicable to the overnight deposit facility at 3.65 per cent.
The decision follows a similar move by the US Federal Reserve, which continued to hold its key rates for a third successive month. The UAE follows US monetary policy as the UAE dirham is pegged to the US dollar.
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