- CBK reduces benchmark discount rate to 4% to stimulate economic growth as inflation declines
- Rate cut aims to support borrowing and investment in key sectors, improving private sector outlook
The Central Bank of Kuwait (CBK) announced Wednesday a 25-basis point reduction in its benchmark discount rate, bringing it down to 4% from 4.25%. The CBK stated that this move is intended to foster long-term growth across various economic sectors by stimulating demand, particularly as inflationary pressures in the national economy have eased. Kuwait’s annual inflation rate dropped from 4.71% in April 2022 to around 3% in July 2024.
This article is free to read.
Sign up for free or sign in to continue reading.
Unlike our competitors, we don't force you to pay to read the news but we do need your email address to make your experience better.
Create your free account or sign in
