The Central Bank of Kuwait raised its key discount rate by 25bps to 2.25 percent on June 15th 2022, after the US Federal Reserve hiked its fed funds rate by 75bps on the same day to stem stubbornly high inflation. The country links its dinar to a basket of currencies that includes the dollar. source: Central Bank of Kuwait

Interest Rate in Kuwait averaged 3.46 percent from 1999 until 2022, reaching an all time high of 7.25 percent in April of 2000 and a record low of 1.50 percent in March of 2020. This page provides the latest reported value for - Kuwait Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kuwait Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Interest Rate in Kuwait is expected to be 2.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Interest Rate is projected to trend around 4.50 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Kuwait Interest Rate



Related Last Previous Unit Reference
Interest Rate 2.25 2.00 percent Jun 2022
Interbank Rate 1.56 1.56 percent Jul 2022
Money Supply M1 13434.40 13140.40 KWD Million Apr 2022
Money Supply M2 41529.50 40588.70 KWD Million Apr 2022
Money Supply M3 41529.50 40588.70 KWD Million Apr 2022
Loans To Private Sector 46334.90 45843.90 KWD Million Apr 2022
Loan Growth 9.23 8.65 percent Apr 2022
Central Bank Balance Sheet 12906.60 12440.80 KWD Million Apr 2022
Banks Balance Sheet 82181.70 80076.30 KWD Million Apr 2022
Reverse Repo Rate 0.88 0.88 percent Feb 2022
Foreign Exchange Reserves -2451.00 800.00 KWD million Dec 2020

Kuwait Interest Rate
In Kuwait, interest rate decisions are taken by the Central Bank of Kuwait's Board of Directors. The official interest rate is the discount rate.
Actual Previous Highest Lowest Dates Unit Frequency
2.25 2.00 7.25 1.50 1999 - 2022 percent Daily

News Stream
Kuwait Hikes Rates after Fed
The Central Bank of Kuwait raised its key discount rate by 25bps to 2.25 percent on June 15th 2022, after the US Federal Reserve hiked its fed funds rate by 75bps on the same day to stem stubbornly high inflation. The country links its dinar to a basket of currencies that includes the dollar.
2022-06-15
Kuwait Hikes Rates by 25bps
The central bank of Kuwait raised its key discount rate by 25bps to 2% on May 4th 2022, in a move less hawkish than the Fed's. The bank also decided to change other rates of monetary policy instruments, including on CBK bonds, term deposits and direct intervention instruments, without specifying by how much.
2022-05-04
Kuwait Hikes Rates after Fed
The central bank of Kuwait raised its key discount rate by 25bps to 1.75% on March 16th 2022, tracking a rise in the Federal Reserve funds rate. The bank also decided to change the rates of monetary policy instruments by varying percentages, including repurchases (Repo), CBK bonds and tawarruq, term deposits, direct intervention instruments, as well as public debt instruments.
2022-03-16