Bahrain central bank cuts one-month deposit rate

      Published on Friday, 7 February , 2020      382      
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%.

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

Gulf Media

Related Articles

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.