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Kuwait's central bank lowers rates by 0.125%, maintains discount rate -KUNA

CAIRO, Oct 27 (Reuters) - Kuwait’s central bank announced on Tuesday it was cutting repo rates and other rates across the interest rate yield curve up to the ten-year term by 0.125%.

The bank, which said it was it was maintaining a “historically low” discount rate of 1.5%, said this was in line with “special measures to cope with the ramifications of the Covid-19 pandemic on economic and banking conditions,” state news agency KUNA said. (Reporting by Nayera Abdallah, writing by Nafisa Eltahir, editing by Chris Reese)

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