Press Releases

13.06.18Press Release: Based on Thorough Data Analysis, the CBK Maintains its Discount Rate at 3%

The Board of Directors of the Central Bank of Kuwait (CBK) has decided to keep the current discount rate at 3% to bolster conditions conducive to recovery of economic growth. The Bank is to continue utilizing monetary policy instruments and measures to enhance the attractiveness and the competitiveness of the national currency as a reliable, lucrative store for local savings. The decision to retain the current rate was result of continuous monitoring of developments and expected trends in economic, monetary and banking conditions and in interest rate trends on major currencies, mainly the US Dollar, and following a US Federal Reserve decision on 13 June, 2018 to increase interest rate on federal funds.