Effective Immediately, the CBB's rate on the one-week deposit facility is 1.75% from 2.00% previously.
The CBB also cut the rate on the overnight deposit facility to 1.25% from 1.50% previously.
The Repo and lending rate has been cut to 4.75% from 5.25%.
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CBB cuts key interest rate
- Bahrain: Thursday, October 09 - 2008 at 11:39
- PRESS RELEASE
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The Central Bank of Bahrain (CBB) decided today to cut its key policy interest rate by 25 basis points.
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Posted by Ehab Al-AbbadiThursday, October 09 - 2008 at 11:39 UAE local time (GMT+4)
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for more details please contact:
Central Bank of Bahrain (CBB)
Contact: External Communications Unit
Tel: +973 17547357/17547360
Central Bank of Bahrain (CBB)
Contact: External Communications Unit
Tel: +973 17547357/17547360
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