The UAE Central Bank kept its benchmark interest rate unchanged on Wednesday, shadowing the US Federal Reserve’s move which held its policy steady to counter persistent inflation and expansionary economic policies of the administration of US President Donald Trump.

This decision was taken following the US Federal Reserve’s announcement today to keep the Interest Rate on Reserve Balances unchanged

The European Central Bank (ECB) is expected to cut key interest rates again on Thursday in what would be the fifth rate cut in the eurozone since mid-2024. Economists expect the central bank to cut the key deposit rate - the interest that banks receive for parking funds at the ECB - by 0.