Economy Country February 04, 2025

Decline of Interest Rates Among UAE Banks

The interest rate between UAE banks (EIBOR) declined from 4.32% at the beginning of the year to 4.11% by the end of January, according to the Central Bank of the UAE.


Decline of Interest Rates Among UAE Banks

The effective interbank lending rate in the UAE decreased from 4.32% at the beginning of 2025 to 4.11% by the end of January. This data was provided by the Central Bank of the UAE.

Such a decrease occurred overnight and indicates changes in the market situation in the country. In its statement, the central bank did not provide a reason for the decrease in the interbank lending rate.

The reduction in the percentage rate is an important indicator for the financial sector and could impact economic stability in the UAE. Currently, the country's economy is facing various challenges, and it is important for the central bank's decisions to contribute to its sustainable development.