Mubasher: Banks operating in Kuwait decided to increase deposit interest rate by 0.25% for short-term deposits.
The decision came into force as of Sunday 30 September, according to Al Anba newspaper.
The lenders’ move followed the Central Bank of Kuwait's (CBK) decision of keeping rates on hold at 3% after the US Federal Reserve had increased interest rate by 0.25 last week.
The increase will be implemented on new deposits.
