CBB slashes deposit rate

MANAMA: The Central Bank of Bahrain (CBB) yesterday cut its one-month deposit interest rate by 15 basis points.

The CBB’s rate on the one-month deposit facility is 2.45 per cent, down from 2.6pc previously.

The CBB kept its key policy interest rate on the one-week deposit facility and the rate on the overnight deposit facility unchanged at 2.25pc and 2pc respectively. The CBB lending rates remain unchanged at 4pc.

Source: http://www.gdnonline.com/Details/760534


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