The Central Bank of Bahrain held its one-week deposit facility rate unchanged at 2.75 percent on March 20th, following the Federal Reserve's decision to keep rates steady at current levels. Also, the central bank held its overnight rate at 2.50 percent and its lending rate at 4.50 percent, but cut its one-month rate by 15 bps to 3.10 percent. Interest Rate in Bahrain averaged 1.49 percent from 2006 until 2019, reaching an all time high of 5 percent in February of 2007 and a record low of 0.50 percent in September of 2009.
Interest Rate in Bahrain is expected to be 2.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Bahrain to stand at 2.75 in 12 months time. In the long-term, the Bahrain Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.