The benchmark interest rate in Kuwait was last recorded at 1.50 percent. source: Central Bank of Kuwait

Interest Rate in Kuwait averaged 3.60 percent from 1999 until 2020, 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 February of 2021.

Interest Rate in Kuwait is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Kuwait to stand at 1.50 in 12 months time. In the long-term, the Kuwait Interest Rate is projected to trend around 1.50 percent in 2021, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Kuwait Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 7.25 1.50 1999 - 2020 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2019-10-30 06:20 PM 2.75% 3% 2.75%
2019-12-11 08:00 PM 2.75% 2.75% 2.75%
2020-03-04 11:00 AM 2.5% 2.75%
2020-03-16 10:10 AM 1.5% 2.5%

News Stream
Kuwait Cuts Interest Rates Following Fed Move
The Central Bank of Kuwait lowered its benchmark interest by 100bps to 1.50 percent on March 16th, after the Federal Reserve slashed interest rates to near zero on Sunday in another emergency move in an attempt to combat the spread and impact of the Covid-19 on the economy.
Kuwait Cuts Policy Rate to 2.5%
The Central Bank of Kuwait lowered its benchmark interest by 25bps to 2.50 percent on Wednesday March 4th, after Federal Reserve policymakers delivered a 50bps rate cut to support the economy as the coronavirus outbreak hurts global growth.

Kuwait Interest Rate
In Kuwait, interest rate decisions are taken by the Central Bank of Kuwait's Board of Directors. The official interest rate is the discount rate.