Bahrain central bank raises key rate by 25 bps

DUBAI: Bahrain's central bank said on Wednesday it was raising its key interest rate by 25 basis points after the US Federal Reserve tightened policy.

The central bank's key policy interest rate on the one-week deposit facility was raised to 1.75 percent from 1.50 percent.

In addition, the overnight deposit rate was lifted to 1.50 percent from 1.25 percent, the one-month deposit rate to 2.40 percent from 2.15 percent, and the lending rate to 3.50 percent from 3.25 percent.