DUBAI, March 23 (Reuters) - The Central Bank of the
United Arab Emirates will raise its base interest rate by 25
basis points to 4.9%, effective Thursday, state news agency WAM
said, matching the U.S. Federal Reserve's hike, as the dirham is
pegged to the dollar.
The central bank will maintain the rate on borrowing
short-term liquidity from the CBUAE through all standing credit
facilities at 50 basis points above the base rate, WAM said.
(Reporting by Yomna Ehab in Cairo; Writing by Yousef Saba;
Editing by Leslie Adler)
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