The Central Bank of the United Arab Emirates held its benchmark repo rate at 1.50 percent on March 16th 2020, but cut its rate on one-week certificates of deposit (CDs) by 75bps after the US Federal Reserve’s emergency decision to cut rates by 100bps in an attempt to boost the economy amid the coronavirus outbreak. source: Central Bank of the United Arab Emirates

Interest Rate in the United Arab Emirates averaged 1.47 percent from 2007 until 2020, reaching an all time high of 4.75 percent in November of 2007 and a record low of 1 percent in January of 2009. This page provides - United Arab Emirates Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Arab Emirates Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Interest Rate in the United Arab Emirates is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in the United Arab Emirates to stand at 1.50 in 12 months time. In the long-term, the United Arab Emirates Interest Rate is projected to trend around 1.50 percent in 2021, according to our econometric models.

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United Arab Emirates Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 4.75 1.00 2007 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-09-18 06:15 PM 2.25% 2.5% 2.25%
2019-10-31 12:00 AM 2% 2.25% 2%
2020-03-03 04:50 PM 1.5% 2%
2020-03-16 10:30 AM 1.5% 1.5%


News Stream
UAE Holds Repo Rate, Cuts 1-Week CDs Rate
The Central Bank of the United Arab Emirates held its benchmark repo rate at 1.50 percent on March 16th 2020, but cut its rate on one-week certificates of deposit (CDs) by 75bps after the US Federal Reserve’s emergency decision to cut rates by 100bps in an attempt to boost the economy amid the coronavirus outbreak.
2020-03-16
UAE Central Bank Slashes Policy Rate
The Central Bank of the United Arab Emirates lowered its benchmark interest rate by 50bps to 1.50 percent on March 3rd 2020, after the US Federal Reserve’s emergency decision to cut rates by the same margin in an attempt to boost the economy amid the coronavirus outbreak.
2020-03-03

United Arab Emirates Interest Rate
In the United Arab Emirates the interest rate decisions are taken by the Central Bank of the United Arab Emirates. The official interest rate since November 2007 is overnight repurchase rate.