Live: The Central Bank of the Emirates announced that the lending interest rate will be raised by 75 basis points, as of tomorrow, Thursday.
It is worth noting that the US Federal Reserve’s Open Market Committee decided to raise interest rates, today, Wednesday, by 75 basis points for the third time in a row, to reach between 3% and 3.25%.
Inflation in the US rose in August more than expected, which has caused markets to speculate that the US Federal Reserve will continue to raise interest rates this month by 75 basis points.
