December 14, 2016 / 7:23 PM / 9 months ago

Kuwait central bank raises policy rate by 25 bps

DUBAI, Dec 14 (Reuters) - Kuwait’s central bank said on Wednesday that it was raising its discount rate by a quarter of a percentage point to 2.50 percent.

The announcement came minutes after the U.S. Federal Reserve raised interest rates by a quarter point and signalled a faster pace of increases in 2017. (Reporting by Andrew Torchia)

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