Kuwait joins hikers club in wake of Fed rate rise

central-bank-of-kuwait
Central Bank of Kuwait

Ripples emanating from the US Federal Reserve interest rate hike earlier this week continue to impact countries and institutions across the globe, with central banks in the Middle East region no exception.

In a late announcement on December 16, the Central Bank of Kuwait announced its board of directors had decided to raise the discount rate by 25 basis points from 2% to 2.25%, promptly after the Fed announced its own move. The discount rate had been at historically low levels since 2012.

Raisin

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: