CBK Cuts its Discount Rate by a Quarter Percentage Poin | Market Intelligence API | Briefly NewsStream
Central Bank of KuwaitKWeconomicsImpact 70.8
CBK Cuts its Discount Rate by a Quarter Percentage Point from 3.00% to 2.75%
30.10.19 CBK Cuts its Discount Rate by a Quarter Percentage Point from 3.00% to 2.75% In light of the Central Bank of Kuwait’s (CBK) mandate to maintain monetary and financial stability, the Board of Directors decided today to lower the discount rate from 3.0% to 2.75%. The decision fulfils the dual objectives of promoting non-inflationary economic growth conditions in non-oil sectors, and ensuring the continued attractiveness and the competitiveness of the national currency as a reliable store of domestic savings, both of which are mainstays of monetary policy. More
