In 2023, refinancing interest rates at the Central Bank of Kuwait reached 4.1 percent. This was a drastic increase over the previous year when interest rates stood at 2.3 percent. Since 2021, interest rates have consistently increased each subsequent year. ...
with a strong exchange rate against important currencies such as the US dollar and the euro. The Kuwaiti Dinar's stability can be credited to the country's huge oil reserves and the Central Bank of Kuwait's prudent financial policies. On the other hand, the PKR has experienced fluctuations ...
The Central Bank of Kuwait (CBK) has hiked its discount rate by 50bps effective the 26th January 2023, after leaving it unchanged in mid-December 2022: it announced that it has increased its discount rate — benchmark for the pricing of loans — by 50bps from 3.5% to 4%. The move ...
Central Bank Policy rates were reduced by 25 bps in all GCC countries except Kuwait, following a similar decision by the U.S. Federal Reserve. UAE domestic credit growth accelerated for the second consecutive month in July, at 6.3% y/y, close to the 8-year high of 6.5% in April. Th...
We forecast that the Central Bank of Kuwait will lower its benchmark policy rate by 50 basis points (bps) in H2 2024, less than the 75bps cuts that will be carried out by the US Federal Reserve. The elevated policy rate in H2 2023 and H1 2024 – the highest since 2006 – paired ...
Reserve Bank of Australia is the central bank of Australia. It focuses on monetary policy, financial stability, and the issuance of currency. It sets the cash rate to manage inflation, oversees the stability of the financial system, and issues the nation's banknotes. The bank also provides b...
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 Sep 2018 quarterly Mar 2012 - Sep 2018 BoP: Net Errors and Omissions (KWD mn) 493.000 Sep 2018 quarterly Mar 2012 - Sep 2018 BoP: FA: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar ...
KUWAIT CITY, Sept. 23 (Xinhua) -- Kuwait held on Monday an international banking conference with focus on challenges facing the global economy. At the conference, themed "Shaping the Future," Mohammad Al-Hashel, Central Bank of Kuwait's (CBK) governor, said that banking industry is encounter...
His Excellency the Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, announced the publication of the Economic Report for the year 2019, which is the 48th such report in a series prepared and published by the bank. ...
dollar has pushed up inflation and hurt the domestic economy, the central bank said. "The significant drop in the exchange rate of the American dollar against most other major currencies had a negative impact on the Kuwaiti economy over the past two years," Sheikh Salem Abdel Aziz Al Sabah...