Central Bank of Kuwait (CBK) announced a 25 basis point reduction in the benchmark discount rate to four percent from 4.25 percent.
The new discount rates will be effective tomorrow, Thursday.
CBK Governor Basel Al Haroon told the Kuwait News
Qatar Central Bank announced a 55 basis point cut to its benchmark interest rate on Wednesday.
A QCB post on X said the move came following an assessment of the State of Qatar’s current monetary policy, based on the Monetary
Oil prices rose by a dollar a barrel on Tuesday as supply disruptions mounted and traders bet that demand will grow if the US Federal Reserve lowers borrowing costs this week, as is widely expected.
Brent crude futures gained 95