Manama, Kingdom of Bahrain – 12^th March 2020 – In light of the recent global developments, the Central Bank of Bahrain (CBB) has decided today and effective immediately to cut the overnight lending rate by 1.55%, from 4.00% to 2.45%.

The adjustment to the lending rate represents the continuous measures taken by the CBB to ensure the smooth functioning of the money markets in Bahrain. The CBB continues to monitor global and local market developments closely in order to take any further necessary actions.