The Central Emirates raises the "base price" 5 points on deposit facilities

According to the UAE News Agency, the Central Bank decided to maintain the price applicable to borrowing short-term liquidity from the central bank through all existing credit facilities at 50 basis points above the base price.

The base price, which is associated with interest rate is determined by the US Federal Reserve, the general position of the Central Bank's monetary policy, and provides a minimum effective rate for one night cash market prices in the state.