The Central Bank of Kuwait left its key discount rate steady at 3 percent on December 19th 2018, despite the Fed's decision to hike the funds rate by 25 bps. It was the third straight time policymakers do not follow the Fed, saying the decision aims to maintain the attractiveness and competitiveness of the national currency as a store for domestic savings and preserve a non-inflationary growth of the non-oil sectors. Kuwait does not have its currency pegged to the dollar. The country links its dinar to a basket of currencies Interest Rate in Kuwait averaged 3.72 percent from 1999 until 2019, reaching an all time high of 7.25 percent in April of 2000 and a record low of 2 percent in October of 2012.

Interest Rate in Kuwait is expected to be 2.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Kuwait to stand at 2.50 in 12 months time. In the long-term, the Kuwait Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Kuwait Interest Rate
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 08:00 PM Interest Rate Decision 3% 3% 3.25%
2019-07-31 08:00 PM Interest Rate Decision 3% 2.75%


Kuwait Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 7.25 2.00 percent [+]
Interbank Rate 1.56 1.56 11.95 0.63 percent [+]
Money Supply M1 11418.30 10963.20 11418.30 1042.40 KWD Million [+]
Money Supply M2 38242.30 38815.40 38947.30 6378.20 KWD Million [+]
Money Supply M3 38242.30 38815.40 38947.30 6516.50 KWD Million [+]
Deposit Interest Rate 1.60 1.60 9.21 1.60 percent [+]
Reverse Repo Rate 2.50 2.50 5.87 0.75 percent [+]
Loan Growth 6.00 4.89 43.80 0.60 percent [+]
Loans To Private Sector 39476.30 38988.80 39476.30 1456.20 KWD Million [+]
Banks Balance Sheet 67392.40 67244.60 67431.40 9942.20 KWD Million [+]
Central Bank Balance Sheet 11382.90 11275.00 11382.90 1046.40 KWD Million [+]
Foreign Exchange Reserves -610.00 -1100.00 826.00 -1159.00 KWD million [+]


Kuwait Interest Rate

In Kuwait, interest rate decisions are taken by the Central Bank of Kuwait's Board of Directors. The official interest rate is the discount rate. This page provides the latest reported value for - Kuwait Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kuwait Interest Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 7.25 2.00 1999 - 2019 percent Daily




Country Last Previous
Argentina 58.72 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
Brazil 6.50 Jun/19
South Africa 6.50 Jul/19
India 5.75 Jul/19
Indonesia 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
Singapore 1.67 Jun/19
South Korea 1.50 Jul/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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