Oil prices pulled back sharply from four-month highs on Thursday, easing from above $108 a barrel as Saudi Arabia moved to restore disrupted crude flows, while a US interest-rate increase added pressure to the market.
The Central Bank of Bahrain (CBB) has raised the overnight deposit interest rate by 25 basis points from 4.25% to 4.50%, effective September 17. The move comes following the US Federal Reserve’s announcement to raise the Interest Rate on Reserve Balances (IORB) by 25 basis points.
The central banks of the UAE and Bahrain have cut key interest rates by 25 basis points, effective October 30.
The central banks of the UAE and Bahrain have cut key interest rates by 25 basis points, effective October 30.
The Central Bank of the UAE (CBUAE) and the Central Bank of Bahrain (CBB) have decided to maintain their overnight deposit rate unchanged.
