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Maroc Maroc - CYPRUS-MAIL.COM - A la Une - 19/Dec 16:28

UAE cenbank cuts base rate by 25 bps

The central bank of the United Arab Emirates cut its base rate applied to the overnight deposit facility by 25 basis points on Wednesday, from 4.65 per cent to 4.40 per cent, effective Dec. 19. The move followed the Federal Reserve’s decision to cut US rates by 25 bps.

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