CBB raises key interest rate by 75 basis points

Manama, July 27 (US): 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 capital markets in the Kingdom of Bahrain.The Central Bank of Bahrain decided to raise key interest rates. The CBB policy key rate on the one-week deposit facility has been raised from 2.50% to 3.25%.

The Central Bank of Bahrain also decided to raise the overnight deposit rate from 2.25% to 3.00%, the four-week deposit rate from 3.25% to 4.00%, and the lending rates from 3.75% to 4.50%.

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

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