CBK Cuts its Discount Rate to 5.75% | Market Intelligence API | Briefly NewsStream
Central Bank of KuwaitKWfinanceImpact 62.4
CBK Cuts its Discount Rate to 5.75%
23.01.08 CBK Cuts its Discount Rate to 5.75% H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced in a press statement to the Kuwait News Agency (KUNA) that the CBK Board of Directors has decided to cut the CBK discount rate by 50 basis points to 5.75% from 6.25% effective from Wednesday, 23rd of January 2008. H.E. the Governor explained that the decision resulted from the continued surveillance by CBK of the developments in interest rates on major international currencies, particularly the US dollar, to ensure having consistent local interest rates on the Kuwaiti dinar (KD), taking into account the current domestic economic conditions. More
