CBK Cuts its Discount Rate by a Quarter Percent to 3.50 | Market Intelligence API | Briefly NewsStream
Central Bank of KuwaitKWeconomicsImpact 69.9
CBK Cuts its Discount Rate by a Quarter Percent to 3.50%
13.04.09 Press Statement CBK Cuts its Discount Rate by a Quarter Percent to 3.50% H.E. the Governor of the Central Bank of Kuwait (CBK), Sheikh Salem Abdulaziz Al-Sabah, announced that the CBK Board of Directors has decided to cut the CBK discount rate by 25 basis points from 3.75% to 3.50%, effective Monday 13th of April 2009. H.E. the Governor explained that this decision represents a continuation of CBK's efforts to strengthen the foundations of growth in the domestic economy in the face of the challenges of the global financial and economic crisis. More
