Kuwait cuts discount rate by 50 bps
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Posted on 2/8/2010
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The Central Bank of Kuwait has cut its key discount rate for the sixth time since October 8, 2008, by 50 basis points to 2.5% to support growth in the Gulf country's non-oil sectors as inflation is seen staying low, Kuna has reported. The reduction would help create a suitable climate for banking credit growth, CBK governor Sheikh Salem Abdulaziz Al-Sabah said.
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