Bahrain raises interest rates 0.25%

Mubasher: The Central Bank of Bahrain (CBB) announced on Wednesday its decision to raises key interest rate by 25 basis points, following a similar decision by the US Federal Reserve.

Bahrain’s one-week deposit facility rate was raised to 2.25% from 2%, and overnight deposit rate was now stands at 2% from 1.75%.

The one-month deposit rate was increased to 3% from 2.65%, and the lending rate was increased to 4% from 3.75%.

Mubasher Contribution Time: 13-Jun-2018 21:28 (GMT)
Mubasher Last Update Time: 13-Jun-2018 21:28 (GMT)

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