Financial and Banking News
Kuwait To Cut Discount Rate Again
Kuwait's Central Bank is to reduce the discount rate to 6.75% from 7%. Themove will take effect when it is published in the Official Gazette later thismonth. The Central Bank reduced the discount rate to 7% from 7.5% in April, thefirst time that it had changed the rate since re-introducing it as a significantinstrument of monetary policy in December 1988. The discount rate provides a...