The Central Bank of Bahrain raised its benchmark interest rate by 50 basis points to 1.75 percent.

The Central Bank of Bahrain raised its benchmark interest rate by 50 basis points to 1.75 percent.

The lifted its overnight deposit and lending rates by 50 basis points to 1.5 percent and 3%, respectively, and increased its four-week deposit rate by 25 basis points to 2.5 percent.

Because the Bahraini dinar is pegged to the dollar, the Central Bank of Bahrain hiked its key policy rate on its one-week deposit facility by 50 basis points to 1.75 percent on Wednesday, in line with the US Federal Reserve’s hike.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
There's More Bad News for 'Star Trek 4' in Apple's MonsterVerse Series
There’s More Bad News for ‘Star Trek 4’ in Apple’s MonsterVerse Series
WandaVision sent the filmmaker’s stock flying through the roof, but his involvement in the mysterious show (which may or may not be titled Monarch) has only ...
Apple wins appeal over allegedly defective MacBook Pro screens
Apple wins appeal over allegedly defective MacBook Pro screens
The lawsuit also alleged fraudulent concealment under a common law theory, and violations of deceptive trade statutes in Washington, Florida, New Jersey, ...
Kenya's debt to China more than doubled last year
Kenya’s debt to China more than doubled last year
According to Business Daily Africa, Treasury expenditure data released this week shows that the amount repaid to Chinese lenders increased by 135.15 percent ...
After discovering an Apple GPS tracker in her luggage, woman warns
After discovering an Apple GPS tracker in her luggage, woman warns
She was initially confused about what the coin-sized device was, but after she discovered that it was a tracker she became worried and destroyed it, as the ...
According to Google, Android 13 Beta will allow braille displays
According to Google, Android 13 Beta will allow braille displays
In a blogpost of Google, they stated: “Available in our next Android 13 Beta in a few weeks, we are beginning to build out-of-the-box support for braille ...
This weekend, play these three Xbox games for free
This weekend, play these three Xbox games for free
As usual with Free Play Day weekend promotions, all three titles are unlocked in full as if Xbox Live Gold players owned them outright and Xbox Achievements ...
T-Mobile and Metro can now give you a Moto G 5G for free (or very cheap) (2022)
T-Mobile and Metro can now give you a Moto G 5G for free (or very cheap) (2022)
Formally unveiled roughly a month ago alongside its pen-wielding cousin, the Moto G 5G (2022) only went on sale stateside yesterday, fetching the ...
In North America, the iPhone accounted for more than half of all smartphone shipments in Q1
In North America, the iPhone accounted for more than half of all smartphone shipments in Q1
Canalys also reported that the latest iPhone SE, despite not being mmWave-enabled, will open the door for market growth in the coming quarters. Previous ...
Sevier County nonprofits benefit from soup sales
Sevier County nonprofits benefit from soup sales
In February, the Old Mill raised funds for two local charities by selling soup bowls at Citizens National Bank locations around Sevier County. Nearly 1,000 ...
Godzilla and Titans, an original series based on the Monsterverse, will be directed by Matthew Shakman, according to Apple TV+
Godzilla and Titans, an original series based on the Monsterverse, will be directed by Matthew Shakman, according to Apple TV+
Apple TV+ today revealed that Emmy Award-nominated director Matthew Shakman (“WandaVision,” upcoming “Star Trek” film, “The Great”) will direct the first two ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo