CBB increases basic interest rate

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The Central Bank of Bahrain (CBB) has decided to raise its interest rate on its one-week deposit facility to 2.50 percent from 2.25 percent.

It has also raised its overnight deposit rate to 2.25 percent from 2.00 percent, its one-month deposit rate to 3.25 percent from 3.00 percent, and its lending rate to 4.25 percent from 4.00 percent.

BNA®

The post CBB increases basic interest rate appeared first on bizbahrain.

SOURCE: BIZBAHRAIN

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