The Central Bank of Bahrain decided today to raise the basic interest rate on one-week deposits
The Central Bank of Bahrain decided today to raise the basic interest rate on one-week deposits by “25” basis points, from 1.00% to 1.25%.
The interest rate on overnight deposits was also raised from 0.75% to 1.00%, and the interest rate on four-week deposits from 1.50% to 1.75%. This is in addition to raising the interest rate imposed by the Central Bank on retail banks in return for lending facilities from 2.25% to 2.50%.