Bahrain Central Bank Cuts Key Rate by 50 bps

2020-03-06 - 6:14 am

Bahrain Mirror- 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.

Arabic Version