Kuwait central bank raises key rate.
M2 EQUITYBITES-July 28, 2022--Kuwait central bank raises key rate
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Global Banking News - 28 July 2022
The Kuwait central bank has raised its key rate.
The apex bank raised its rate by 25 bps to 2.5 percent. The move came after the US Fed raised rates by a significant margin to contain inflation.
The Kuwaiti dinar is pegged against a basket of currencies that include the US dollar, unlike other Arab nations that are more dollar-centric. This gives...
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