Bahrain trims rates
The Central Bank of Bahrain cut its key policy interest rate by 25 basis points on Tuesday to 0.5%.
It is the first time that the central bank has cut the rate on the one-week deposit facility since December 2008.
The central bank opted to hold the rate on its overnight deposit facility at 0.25% but cut the repo and lending rates by half a point to 2.25%.
The central bank also reviewed the terms of its swap arrangement, which allows banks to offer dollars against Bahraini dinars for one-week
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