Bahrain central bank cuts one-month deposit rate

      Published on Friday, 7 February , 2020      48 Views     
Bahrain central bank cuts one-month deposit rate

  • Bahrain News

Bahrain’s central bank said on Wednesday that it had decided to cut its one-month deposit rate by 15 basis points to 2.45% from 2.6%.

The move “represents the continuous measures taken by the CBB to ensure the smooth functioning of the money markets in Bahrain,” it said.




It kept its key policy interest rate on the one-week deposit facility and the rate on the overnight deposit facility unchanged, at 2.25% and 2.00%, respectively.



Lending rates were also unchanged at 4%.

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Category Bahrain News, Business | 2020/02/07 latest update at 1:09 PM
Source : Reuters | Photocredit :
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