Bahrain Central Bank Cuts Rates by 25 bps
2019-08-01 - 4:07 p
Bahrain Mirror- Reuters: Bahrain's central bank said on Wednesday that it had decided to cut its one-week deposit facility to 2.50% from 2.75%.
It also reduced the overnight deposit rate to 2.25% from 2.5%, and the lending rate to 4.25% from 4.5%.
It also cut the one-month deposit rate to 2.85% from 3.10%.
Earlier, the U.S. Federal Reserve cut rates by 25 basis points.
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