Interest Rates

Financial markets reacted negatively to the decision and the prospect of additional increases

Efforts to end the Iran conflict were at an impasse, with US President Donald Trump unhappy with the latest proposal from Tehran, and urging Iran to ‘get smart soon’ and sign a deal

The UAE’ central bank also reduced the base rate applied to its overnight deposit facility by 25 bps to 4.15 per cent, from 4.40 per cent, effective Thursday

CBUAE took the decision following the US Fed’s announcement to keep the interest rate on reserve balances (IORB) unchanged

India’s benchmark 10-year bond yield was up five basis points at 6.70 per cent after the announcement

Türkiye’s central bank indicated it would continue easing in the months ahead, flagging a temporary rise in January inflation