Bahrain central bank cuts rates by 25 bps

Parvez Jabri August 1, 2019

DUBAI: Bahrain’s central bank said on Wednesday that it had decided to cut its one-week deposit facility to 2.50% from 2.75%.

It also reduced the overnight deposit rate to 2.25% from 2.5%, and the lending rate to 4.25% from 4.5%.

It also cut the one-month deposit rate to 2.85% from 3.10%.

Earlier, the US Federal Reserve cut rates by 25 basis points.

Copyright Reuters, 2019

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