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Wednesday, 15 March 2017

Kuwait central bank raises discount rate by 25 bps | Reuters

Kuwait central bank raises discount rate by 25 bps | Reuters:

"Kuwait's central bank said on Wednesday that it had decided to raise its discount rate by a quarter of a percentage point to 2.75 percent, effective on Thursday. Central bank governor Mohammad al-Hashel said in a statement that the move would help to maintain attractive returns on savings in Kuwaiti dinars compared with major international currencies, particularly after the U.S. Federal Reserve's interest rate hike on Wednesday. "



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