Bahrain central bank follows Fed to lift interest rates by 25 bps
The Central Bank of Bahrain lifted its key interest rates by 25 basis points on Wednesday, following the Federal Reserve's hike of the same size.
The one-week deposit facility rate increased to 5.5% from 5.25% and the overnight deposit rate was raised to 5.25% from 5%, a central bank statement said.
The four-week deposit rate increased to 6.25% and the lending rate rose to 6.75%, it added.
The four-week deposit rate increased to 6.25% and the lending rate rose to 6.75%, it added.
