Home Business Central Bank of Bahrain raises key interest rate by 75 basis points

Central Bank of Bahrain raises key interest rate by 75 basis points

by Dubai Forum
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MANAMA, 27th July, 2022 (WAM) — The Central Bank of Bahrain (CBB) today decided to raise its key policy interest rate on the one-week deposit facility by 75 basis points from 2.50 percent to 3.25 percent.

The CBB has also decided to raise the overnight deposit rate from 2.25 percent to 3.00 percent, the four-week deposit rate from 3.25 percent to 4.00 percent, and the lending rates from 3.75 percent to 4.50 percent.

Bahrain News Agency quoted the Central Bank of Bahrain as saying that it 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.

WAM/Khoder Nashar/Hazem Hussein

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