Mubasher: The Central Bank of Bahrain (CBB) has decided to raise its key policy interest rate by 0.25%, following a similar decision by the United States Federal Reserve.
The CBB’s decision is effective immediately, and will raise key policy interest rate on the one-week deposit facility raised from 2.50% to 2.75%, Bahrain News Agency (BNA) reported.
The Bahraini central bank has also decided to increase the overnight deposit rate from 2.25% to 2.50%, the lending rate from 4.25% to 4.50% while the one-month deposit rate will remain the same at 3.25%.
