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CBUAE publishes monetary, banking developments for March 2024

CBUAE publishes monetary, banking developments for March 2024

Arabiya Capital Staff -
The money supply aggregate M3 increased by 1.9%, from AED 2.54 billion at the end of February 2024 to AED 2.58 billion at the end of March 2024
UAE central bank maintains the base rate at 5.40%

UAE central bank maintains the base rate at 5.40%

Arabiya Capital Staff -
The Federal Reserve held interest rates at a 23-year high as officials affirmed their view for three rate cuts this year

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