CBB raises key interest rate

The Central Bank of Bahrain (CBB) has decided today to raise its key policy interest rate by (25) basis points. CBB’s key policy interest rate on the one-week deposit facility is raised from 1.00% to 1.25%.

The CBB has also decided to raise the overnight deposit rate from 0.75% to 1.00%, the four-week deposit rate from 1.50% to 1.75%, and the lending rates from 2.25% to 2.50%.