Business
US Federal Reserve holds rates steady as Gulf central banks keep theirs unchanged
October 28, 2026 at 11:59 PM
Coverage
2 reports · 1 in Arabic, 1 in English · over 2 hours
The US Federal Reserve held its target rate at 3.75%–4%, and central banks in Qatar, the UAE, and Bahrain kept their own rates unchanged.
- The Fed voted 10–2 to hold its federal funds target range at 3.75%–4%, its first pause after a 25-basis-point hike in September.
- Qatar Central Bank held its deposit rate at 4.10%, lending rate at 4.60%, and repo rate at 4.35%.
- The UAE central bank held its base rate at 3.90%, and Bahrain held its overnight deposit rate at 4.50%.
- Fed Chair Kevin Warsh said inflation remains high and more data will guide the policy decision at the December 8–9 meeting.