CBB raises key policy interest rates

COMMERCIAL NEWS

The Central Bank of Bahrain (CBB) said it has raised its key policy interest rate on the one-week deposit facility from 2 per cent to 2.25 per cent.

The kingdom's central bank has also decided to increase the overnight deposit rate from 1.75 per cent to 2 per cent and adjust both the one-month deposit rate from 2.65 per cent to 3 per cent, and the lending rate from 3.75 per cent to 4 per cent.-TradeArabia News Service

 

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