Key data points
Last release
—
Observation period
Sep 18, 2024
Next release
—
Forecast
—
Highest
5.40 % on Aug 31, 2024
Lowest
0.15 % on Feb 28, 2022
About 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 2020 is the base rate applicable to the overnight deposit facility (ODF).
Related indicators
Frequently Asked Questions
United Arab Emirates interest rate is 4.9% at the moment.
Last month United Arab Emirates interest rate was 4.9%, and the month before that it amounted to 5.4%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.