UAE keeps base rate at 3.65% after Fed holds policy, meaning borrowers may wait longer for cheaper mortgages, car loans and business finance.

The US Federal Reserve on Wednesday held interest rates steady as expected

US Fed holds rates at 3.6% as policymakers signal possible hike, keeping pressure on mortgages, car loans and credit cards amid stubbornly high inflation.

UAE keeps base rate at 3.65% after Fed holds policy, meaning borrowers may wait longer for cheaper mortgages, car loans and business finance.