CBB raises key interest rate by 25 basis points

Manama, May 3 (BNA): In light of the development of the international financial market and the continuous measures taken by the Central Bank of Bahrain to ensure the proper functioning of the financial markets in the Kingdom of Bahrain, the Central Bank of Bahrain decided to raise the main interest rate for its policy. The main interest rate of the Central Bank of Bahrain policy on the one-week deposit facility has been raised from 5.75% to 6.00%.

The Central Bank of Bahrain also decided to raise the overnight deposit rate from 5.50% to 5.75%, the four-week deposit rate from 6.50% to 6.75%, and lending rates from 6.75% to 7.00%.

The Central Bank of Bahrain continues to closely monitor global and domestic market developments in order to take any further measures necessary to maintain monetary and financial stability in the Kingdom.


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