The benchmark interest rate in Kuwait was last recorded at 4 percent. source: Central Bank of Kuwait

Interest Rate in Kuwait averaged 3.46 percent from 1999 until 2023, 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 June of 2023.

Interest Rate in Kuwait is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Interest Rate is projected to trend around 3.50 percent in 2024 and 2.50 percent in 2025, according to our econometric models.

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Kuwait Interest Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-08-10 06:50 PM 2.75% 2.5%
2022-09-21 06:10 PM 3% 2.75% 3.5%
2022-12-06 04:00 PM 3.5% 3%
2023-06-14 06:00 PM 4%
2023-07-26 06:00 PM
2023-09-20 06:00 PM

Related Last Previous Unit Reference
Interest Rate 4.00 4.00 percent May 2023
Interbank Rate 1.56 1.56 percent Jun 2023
Money Supply M1 11824.60 11746.30 KWD Million Apr 2023
Money Supply M2 39461.40 39292.40 KWD Million Apr 2023
Money Supply M3 39461.40 39292.40 KWD Million Apr 2023
Reverse Repo Rate 3.63 3.63 percent Apr 2023
Loans to Private Sector 44236.30 44514.70 KWD Million Apr 2023
Loan Growth 4.06 6.04 percent Apr 2023
Central Bank Balance Sheet 14362.60 13987.60 KWD Million Apr 2023
Banks Balance Sheet 84991.30 85445.60 KWD Million Apr 2023
Foreign Exchange Reserves 44843.00 46923.90 USD million Mar 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.00 4.00 7.25 1.50 1999 - 2023 percent Daily

News Stream
Kuwait Raises Key Interest Rate by 50bps
The Central Bank of Kuwait raised its key discount rate by 50bps to 4 percent on January 25th 2023, pushing borrowing costs to the highest since 2008. The central bank Governor said the decision takes into account recent developments in domestic and international economic conditions, banking indicators and movements on KWD interest rate in the local market considering the changes to the interest rates on the other major currencies. Policymakers also said the move aims to reinforce the financial and monetary stability of the banking and financial units, and maintain the attractiveness of the national currency as a lucrative and reliable store for domestic savings. The dinar is linked to a basket of currencies which includes the US dollar.
Kuwait Hikes Rates by 25bps
The Central Bank of Kuwait raised its key discount rate by 25 bps to 3.00 percent on September 21, 2022, bringing borrowing costs to the highest since September 2019. Adjustments were also made to the various money market intervention rates. Kuwait has not and will likely not keep pace with US Fed hikes because the dinar is linked to a basket of currencies and not only the US dollar.
Kuwait Hikes Rates by More 25bps
The Central Bank of Kuwait raised its key discount rate by 25 bps to 2.75 percent on August 10th 2022, bringing borrowing costs to the highest since February 2020 and narrowing rate differentials with the US. On July 27th, the Central Bank of Kuwait increased the discount rate by 25 bps to 2.5%, after the US Federal Reserve's three-fourths of a percentage point rate hike. The country links its dinar to a basket of currencies that includes the dollar.