What does the US Fed rate rise mean for UAE residents? - in pictures

  • Federal Reserve Chairman Jerome Powell holds a news conference following the announcement that the Fed raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, US. Reuters
    Federal Reserve Chairman Jerome Powell holds a news conference following the announcement that the Fed raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, US. Reuters
  • The Central Bank of the UAE also increased its base rate for the overnight deposit facility (ODF) by half a percentage point point. Photo: Central Bank of the UAE
    The Central Bank of the UAE also increased its base rate for the overnight deposit facility (ODF) by half a percentage point point. Photo: Central Bank of the UAE
  • Residents with variable rate mortgages will feel the change as soon as their next monthly payment is due. Antonie Robertson / The National
    Residents with variable rate mortgages will feel the change as soon as their next monthly payment is due. Antonie Robertson / The National
  • Changes to credit card interest rates are expected within a billing cycle or two. Antonie Robertson / The National
    Changes to credit card interest rates are expected within a billing cycle or two. Antonie Robertson / The National
  • Monthly instalments on personal loans and car financing are also set to rise. Razan Alzayani / The National
    Monthly instalments on personal loans and car financing are also set to rise. Razan Alzayani / The National