Friday, April 3, 2020

Dubai Moves to Shield Prized Emirates Airline From Virus Fallout – Biedex Video

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Bahrain central bank cuts key rate by 50 bps

DUBAI, March 3 (Reuters) – Bahrain’s central bank said on Tuesday that it had decided to cut its key policy interest rate on the one-week deposit facility to 1.75% from 2.25%.

It also cut the overnight deposit rate to 1.5% from 2%, and reduced the one-month deposit rate to 2.2% from 2.45%, while it left its lending rates unchanged at 4%.

Earlier, the U.S. Federal Reserve cut rates by 50 basis points. (Reporting by Davide Barbuscia)

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