Monday 22 April 2024

CBB raises key interest rate by 25 basis points

MANAMA, February 2, 2023

Central Bank of Bahrain (CBB) has decided to raise its key policy interest rate  on the one-week deposit facility from 5.25% to 5.50%. 
The CBB has also decided to raise the overnight deposit rate from 5.00% to 5.25%, the four-week deposit rate from 6.00% to 6.25% and the lending rates from 6.50% to 6.75%. 
CBB said the move is in light of the developments in the international financial market and the continuous measures taken by the CBB to ensure the smooth functioning of the money markets in Bahrain. 
The CBB continues to monitor global and local market developments closely in order to take any further necessary actions to maintain monetary and financial stability in the kingdom, it said. – TradeArabia News Service 


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