Business | Markets
Central Bank of Bahrain cuts interest rate by 25 basis points
The Central Bank of Bahrain (CBB) on Thursday reduced its key policy interest rate by 25 basis points.
- Staff Report
- Published: 11:48 October 9, 2008
Dubai: The Central Bank of Bahrain (CBB) on Thursday reduced its key policy interest rate by 25 basis points.
Effective immediately, the CBB's rate on the one-week deposit facility is 1.75 per cent from previous 2 per cent.
The CBB also cut the rate on the overnight deposit facility to 1.25 per cent from previous 1.50 per cent.
The Repo and lending rate has been cut to 4.75 per cent from 5.25 per cent.
More from Markets
More from Business
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
