Kuwait enhances operations to restore liquidity
The central bank said it would allow local banks to access loans with overnight and month-long maturities through its repo facility. The central bank had only a one-week repo facility prior to the announcement.
The central bank will charge 1% for overnight loans, 2% for week-long loans and 3% for month-long loans.
The step is the latest to combat a lack of liquidity in the Gulf
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