The Central Bank of Kuwait left its benchmark interest unchanged at 2.75 percent on Wednesday 11 December 2019 after cutting it by 25 bps in October to promote non-inflationary economic growth conditions in non-oil sectors and to ensure continued attractiveness and the competitiveness of the national currency. Steady rates followed the US Fed’s decision to stay put. Kuwait Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Interest Rate in Kuwait averaged 3.70 percent from 1999 until 2019, reaching an all time high of 7.25 percent in April of 2000 and a record low of 2 percent in October of 2012. 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. source: Central Bank of Kuwait
Interest Rate in Kuwait is expected to be 2.75 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 3.00 in 12 months time. In the long-term, the Kuwait Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.