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 June 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.