Kuwait makes surprise 50bp cut
The Central Bank of Kuwait sheared 50 basis points off its key discount rate in an unexpected decision on Sunday, leaving it at 2.5%.
Analysts had not expected any change.
Sami Hussain Al-Anbae, the central bank's manager of economic research, told CentralBanking.com that the cut, Kuwait's sixth since the onset of the financial crisis at the end of 2008, was the result of several factors. "The governor indicated that inflationary pressures were receding," he said. "It will encourage lending
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