The Central Bank of the United Arab Emirates slashed its benchmark interest rate by 25bps to 2.00 percent during its October meeting, after US policymakers cut interest rates for the third time this year by the same margin.

Interest Rate in the United Arab Emirates averaged 1.46 percent from 2007 until 2019, 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.

Interest Rate in the United Arab Emirates is expected to be 2.00 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 1.75 in 12 months time. In the long-term, the United Arab Emirates Interest Rate is projected to trend around 2.25 percent in 2020, according to our econometric models.


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United Arab Emirates Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 4.75 1.00 2007 - 2019 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 08:30 PM 2.75% 2.5% 2.75%
2019-07-31 06:15 PM 2.5% 2.75% 2.5%
2019-09-18 06:15 PM 2.25% 2.5% 2.25%
2019-10-31 12:00 AM 2% 2.25% 2%


News Stream
2019-09-18
UAE Cuts Policy Rate to 2.25%
The Central Bank of the United Arab Emirates slashed its benchmark interest rate by 25bps to 2.25 percent during its September meeting, after US policymakers cut interest rates for the second time this year.

2019-07-31
UAE Lowers Interest Rate to 2.5%
The UAE central bank slashed its benchmark interest rate by 25bps to 2.5 percent during its July meeting, after US policymakers cut interest rates for the first time in a decade and signaled a readiness to lower borrowing costs further if needed to support growth.


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

United Arab Emirates Money Last Previous Highest Lowest Unit
Interest Rate 2.00 2.00 4.75 1.00 percent [+]
Money Supply M0 93700.00 94800.00 97700.00 26832.00 AED Million [+]
Money Supply M1 514800.00 512100.00 517400.00 39464.00 AED Million [+]
Interbank Rate 2.02 2.02 6.96 0.68 percent [+]
Money Supply M2 1411500.00 1380500.00 1411500.00 156480.00 AED Million [+]
Money Supply M3 1717400.00 1682300.00 1717400.00 506641.00 AED Million [+]
Banks Balance Sheet 2906.60 2904.60 2906.60 1456.20 AED Billion [+]
Loan Growth 4.10 3.80 10.20 1.70 percent [+]
Loans To Private Sector 802650.00 804217.00 812442.00 267578.00 AED Million [+]
Central Bank Balance Sheet 446.24 439.78 446.24 48.74 AED Billion [+]
Foreign Exchange Reserves 394.73 393.09 394.73 138.63 AED Billion [+]