VOL. XXXVIIINO. 821-NOVEMBER-1994

Financial and Banking News

Financial Policy

Kuwait Raises Discount Rate To 7% Following Rise In Federal FundsRate...

The Central Bank of Kuwait announced on 15 November that it would increaseits discount rate, against which commercial deposit and loan rates are priced,to 7% from 6.5%. It is the third rise since 17 August when the rate wasincreased to 6.25% from 5.75%. The spread between Kuwaiti dinar (KD) andcomparable dollar rates is now about 2%, which is...