Bahrain’s central bank raises its key interest rate through foundation issuances to 3. 25%

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DUBAI, July 27 (Reuters) – Bahrain’s central bank said on Wednesday it had raised its main interest rate on its one-week deposit facility through fundamental issues (bps) to 3. 25 percent, along with the U. S. Federal Reserve’s rise to a central bank. The U. S. dinar is pegged to the dollar.

CBB raised the overnight deposit rate to 3% through 75 basis points, the four-week deposit rate to 4% and the loan rate to 4. 5%.

(Report by Yasmin Hussein and Yomna Ehab from Cairo; Written via Yousef Saba in Dubai)

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