CBB Cuts One-Month Deposit Rate
Published on 5 February 2020
Media Center  Press Release

Manama, Kingdom of Bahrain –05th February 2020– The Central Bank of Bahrain (CBB) has decided today to cut its one-month deposit interest rate by 15 basis points. The CBB’s rate on the one-month deposit facility is 2.45%, down from 2.60% previously.

The CBB has also decided to keep its key policy interest rate on the one-week deposit facility and the rate on the overnight deposit facility unchanged, at 2.25% and 2.00% respectively. The CBB lending rates remain unchanged at 4.00%.

The adjustment to the one-month deposit 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 and will consider additional measures to develop the environment for economic growth and enhance the competitiveness of the Bahraini Dinar.

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