The Central Bank of Bahrain has signed a currency swap deal with Central Bank of UAE that has a nominal value of BD2 billion (AED20 billion), with a tenor of five years. This reaffirms the duo’s shared commitment to expanding monetary co-operation as well as boosting trade and investment ties.
The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25% follaoing a review conducted by the CBB to maintain monetary and financial stability in the kingdom.
The Central Bank of Bahrain (CBB) affirmed that the kingdom’s banking and financial sector continues to operate at the highest levels of readiness amid the current regional developments and the repercussions of the Iranian aggression taking place in the region.
The Central Bank of Bahrain (CBB) has announced its decision to cut the overnight deposit interest rate by 25 basis points from 4.5% to 4%, reported BNA. The comes as part of CBB’s measures to maintain monetary and financial stability in the kingdom in light of developments in international financial markets.
