Cheaper UAE Loans Soon: Central Bank Cuts Benchmark Rate to 4.15%
The UAE Central Bank has lowered its benchmark interest rate, a decision expected to make loans, mortgages, and business financing cheaper across the country. The move, which follows the U.S. Federal Reserve’s rate cut, is aimed at easing borrowing costs, stimulating consumer spending, and supporting key sectors such as real estate and small-to-medium enterprises.
