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Monday, June 18, 2018 19:9 GMT

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Top News of Bahrain

Central Bank of Bahrain Ups Key Policy Interest Rates

published:17/06/2018 04:00 GMT

The Central Bank of Bahrain (CBB) said it has raised its key policy interest rate by 25 basis points. The move comes following the US Federal Reserve decision to raise its target range for the federal funds interest rate. Announcing the key decision, CBB said the policy interest rate for the one-week deposit facility has been hiked from 2 % to 2.25 %. The kingdom's central bank has also decided to increase the overnight deposit rate from 1.75 % to 2 % and adjust both the one-month deposit...More


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