The UAE Central Bank has decided to maintain its current interest rate for the overnight deposit facility at 4.4 per cent. This move aligns with the US Federal Reserve’s recent decision to keep its rates steady, following three consecutive rate cuts.

The decision reflects the UAE’s monetary policy approach, which closely follows the US model due to the dirham being pegged to the dollar. The Fed’s target rate remains between 4.25 and 4.5 per cent, providing stability after months of adjustments.

This policy alignment ensures that the UAE’s financial system remains in sync with global economic trends, supporting its currency and economic activities.