Overview
- The Federal Reserve lowered its policy rate by 25 basis points to a 3.50%–3.75% range in a third straight cut that drew three dissents.
- The Central Bank of the UAE reduced the overnight deposit base rate from 3.90% to 3.65% effective December 11 and kept short‑term borrowing at 50 basis points above the base.
- Bahrain, Qatar, Kuwait, and Oman each announced 25‑basis‑point reductions to their key rates the same day.
- Oman’s central bank set its repo rate at 4.25% following the cut, according to the Oman News Agency.
- Gulf authorities framed their moves as direct responses to the Fed decision, reflecting the region’s dollar‑linked policy transmission.