CBK Raises Its Discount Rate by 25 basis points | Market Intelligence API | Briefly NewsStream
Central Bank of KuwaitKWfinanceImpact 59.55
CBK Raises Its Discount Rate by 25 basis points
15.12.04 CBK Raises Its Discount Rate by 25 basis points CBK's Board of Directors decided to raise the discount rate to 4.75% instead of 4.50% effective today 15-12-2004. H.E. the Governor of CBK Sheikh Salem Abdulaziz Al Sabah announced the decision in a press release to the Kuwait News Agency (KUNA). H.E. the Governor explained that the decision came within CBK's monitoring of both domestic and international economic and monetary developments, and the rise in interest rates on international currencies especially the US Dollar which the KD exchange rate is pegged to within specific margins, and the efforts of CBK to ensure the consistency between interest rates on the KD and on internationa
