UAE – Mubasher: The Central Bank of the UAE (CBUAE) decided to keep the current interest rate, following the US Federal Reserve’s decision of maintaining interest rate.

On Wednesday, the US Federal Reserve Open Market Committee (FOMC) has decided to maintain interest rates in the range of 2.25% to 2.5%.

“The FOMC will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion,” the Fed said in a statement.