Bahrain central bank cuts all key rates by 25 basis points

      Published on Saturday, 2 November , 2019      351      
Bahrain central bank cuts all key rates by 25 basis points

  • Business

Bahrain’s central bank cut all its key rates by 25 basis points, following the U.S. Federal Reserve cutting rates by the same on Wednesday.

It cut its one-week deposit facility to 2.25%, its overnight deposit rate to 2%, its one-month deposit rate to 2.6%. It cut its lending rate to 4% from 4.25%

Category Business | 2019/11/02 latest update at 1:29 PM
Source : Reuters | Photocredit : Google
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