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Bahrain central bank raises key rates by 25 bps
June 14, 2017 / 6:30 PM / 6 months ago

Bahrain central bank raises key rates by 25 bps

DUBAI, June 14 (Reuters) - Bahrain’s central bank said on Wednesday it was raising key interest rates by 25 basis points after the U.S. Federal Reserve hiked rates.

The key policy interest rate on Bahrain’s one-week deposit facility was increased to 1.50 percent from 1.25 percent.

The central bank also decided to increase its overnight deposit rate to 1.25 percent from 1.00 percent, the one-month deposit rate to 2.15 percent from 1.75 percent, and the lending rate to 3.25 percent from 3.00 percent. (Reporting by Andrew Torchia; editing by Mark Heinrich)

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