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    UAE Central Bank holds base rate at 3.9% after US Federal Reserve keeps rates unchanged

    The Central Bank also maintained the short-term liquidity borrowing rate at 50 basis points above the base rate - the decision mirrors the Fed’s unchanged stance on reserve balances

    Emirates247Emirates247
    1 min read
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    This decision comes after the Federal Reserve announced that it would keep the interest rate on reserve balances unchanged at its meeting held today. File photograph

    This decision comes after the Federal Reserve announced that it would keep the interest rate on reserve balances unchanged at its meeting held today. File photograph

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