UAE cuts interest rates after US Fed’s decision: What it means for your loans, savings, and investments
The UAE has cut its base interest rate by 25 basis points to 4.15%, mirroring the US Federal Reserve’s move amid slowing economic momentum. The rate cut, tied to the dirham’s peg to the US dollar, is expected to lower borrowing costs, boost key sectors like real estate and tourism, and shift investment preferences away from fixed-income instruments.
The UAE has cut its base interest rate by 25 basis points to 4.15%, mirroring the US Federal Reserve’s move amid slowing economic momentum. The rate cut, tied to the dirham’s peg to the US dollar, is expected to lower borrowing costs, boost key sectors like real estate and tourism, and shift investment preferences away from fixed-income instruments.
