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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.
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