CBK Raises its Discount Rate by 50 Basis Points to 4% | Market Intelligence API | Briefly NewsStream
Central Bank of KuwaitKWeconomicsImpact 69.9
CBK Raises its Discount Rate by 50 Basis Points to 4%
04.08.04 CBK Raises its Discount Rate by 50 Basis Points to 4% In a statement to the Kuwait News Agency (KUNA), H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced that CBK's Board of Directors has decided to raise its discount rate by half a percentage point to 4% from 3.50%. H.E. the Governor explained that the decision came within the context of CBK's continual review of the domestic economic, monetary and banking developments on the one hand, and the trends in interest rates on major currencies on the other, and its efforts towards strengthening the foundations of monetary stability in the country and providing a climate conducive to a balanc
