Feb 1 (Reuters) - The Central Bank of the United Arab
Emirates said on Wednesday it was increasing its base rate by 25
basis points to 4.65% effective on Thursday, moving in parallel
with the U.S. Federal Reserve's hike.
The bank said in a statement it would maintain the rate on
borrowing short-term liquidity from the CBUAE through all
standing credit facilities at 50 basis points above the base
rate.
(Reporting by Alaa Swilam and Ahmed Tolba in Cairo; Writing by
Yousef Saba in Dubai)
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