Bahrain Central Bank Cuts One-Month Deposit Rate
2019-03-21 - 6:31 p
Bahrain Mirror-Reuters: Bahrain's central bank said it cut its one-month deposit rate to 3.10% from 3.25% on Wednesday, but kept rates for overnight and one-week deposit facilities unchanged.
The move came after the Federal Reserve held interest rates steady on Wednesday and its policymakers abandoned projections for further rate hikes this year as the U.S. central bank flagged an expected slowdown in the economy.
Bahrain's key policy interest rate is the one-week deposit facility, which remained unchanged at 2.75 percent.
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