The Central Bank of Bahrain reduces the interest rate on lending facilities

BAHRAIN

In light of the current global developments, the Central Bank of Bahrain decided today, with immediate effect, to reduce the interest rate imposed by the bank on retail banks in exchange for lending facilities by 1.55%, from 4.00% to 2.45%.

The interest rate adjustment on the lending facilities comes in the context of the measures taken by the Central Bank to ensure the smooth flow of the performance of the money markets in the Kingdom of Bahrain. This, and the Central Bank continues to monitor closely the developments in the international and domestic market, in order to take any necessary additional measures.