Bahrain Cuts Interest Rate by 25 bps, Follows Fed

2024-11-07 19:20 By Mojdeh Kazemi 1 min. read

The central bank of Bahrain lowered its one-week deposit facility by 25 bps to 5.5% in November 2024, following the US Federal Reserve’s 50 basis point cut to its benchmark rate, now at 4.5%-4.75%.

The CBB also lowered the overnight deposit rate by 25 basis points to 5.25%.

These actions aim to support monetary and financial stability in Bahrain amid global financial market shifts.

Bahrain typically aligns its interest rate policy with the Fed due to its currency peg, maintaining an exchange rate of 0.376 Bahraini dinars to the US dollar.



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