The Central Bank of Kuwait raised its key discount rate by 25 bps to 3.0 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. source: Central Bank of Kuwait

Interest Rate in Kuwait averaged 3.46 percent from 1999 until 2022, 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 September of 2022.

Interest Rate in Kuwait is expected to be 3.00 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 4.25 percent in 2023 and 4.00 percent in 2024, according to our econometric models.

Ok
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
width
height
Kuwait Interest Rate



Related Last Previous Unit Reference
Interest Rate 3.00 2.75 percent Sep 2022
Interbank Rate 1.56 1.56 percent Sep 2022
Money Supply M1 12924.30 13195.70 KWD Million Jul 2022
Money Supply M2 41732.00 41686.80 KWD Million Jul 2022
Money Supply M3 41732.00 41686.80 KWD Million Jul 2022
Loans to Private Sector 47080.70 46924.10 KWD Million Jul 2022
Loan Growth 9.41 9.35 percent Jul 2022
Central Bank Balance Sheet 13035.30 12960.90 KWD Million Jul 2022
Banks Balance Sheet 81517.90 81805.30 KWD Million Jul 2022
Reverse Repo Rate 0.88 0.88 percent Feb 2022
Foreign Exchange Reserves 1790.00 -2451.00 KWD million Dec 2021

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
3.00 2.75 7.25 1.50 1999 - 2022 percent Daily

News Stream
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.
2022-09-21
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.
2022-08-10
Kuwait Hikes Rates after Fed
The Central Bank of Kuwait raised its key discount rate by 25bps to 2.5 percent on July 27th 2022, after the US Federal Reserve hiked its fed funds rate by 75bps on the same day to stem stubbornly high inflation. The country links its dinar to a basket of currencies that includes the dollar.
2022-07-27