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CBB raises key interest rate

Manama, The Central Bank of Bahrain (CBB) has decided and effective immediately to raise its key policy interest rate. CBB's key policy interest rate on the one-week deposit facility is raised from 2.50% to 2.75%. The CBB has also decided to increase the overnight deposit rate from 2.25% to 2.50%, the lending rate from 4.25% to 4.50% while the one-month deposit rate will remain the same at 3.25%.

Source: Bahrain News Agency

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