(Reuters) – Bahrain’s central bank (CBB) said on Wednesday it had raised its key interest rate on its one-week deposit facility through 75 fundamental issues to 4. 75%, following the fourth consecutive build-up of this duration through the U. S. Federal Reserve. U. S. Reserve as Bahrain’s dinar is pegged to the dollar.
The CBB also raised the overnight deposit rate to 4. 5, the four-week deposit rate to 5. 5 and the loan rate to 6 to 75 basis points, it said in a statement.
(Reporting through Mahmoud Mourad and Ahmad Elhamy in Cairo; written through Yousef Saba in Dubai; editing through Jonathan Oatis)
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