The Central Bank of Kuwait left its benchmark interest unchanged at 2.75 percent on Wednesday 11 December 2019 after cutting it by 25 bps in October to promote non-inflationary economic growth conditions in non-oil sectors and to ensure continued attractiveness and the competitiveness of the national currency. Steady rates followed the US Fed’s decision to stay put. Kuwait Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Interest Rate in Kuwait averaged 3.70 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. 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. source: Central Bank of Kuwait

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 3.00 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.


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Kuwait Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.75 2.75 7.25 2.00 1999 - 2019 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-07-31 06:00 PM 3% 3% 2.75%
2019-09-18 06:00 PM 3% 3% 2.75%
2019-10-30 06:20 PM 2.75% 3% 2.75%
2019-12-11 08:00 PM 2.75% 2.75% 2.75%


News Stream
Kuwait Holds Interest Rate at 2.75%
The Central Bank of Kuwait left its benchmark interest unchanged at 2.75 percent on Wednesday 11 December 2019 after cutting it by 25 bps in October to promote non-inflationary economic growth conditions in non-oil sectors and to ensure continued attractiveness and the competitiveness of the national currency. Steady rates followed the US Fed’s decision to stay put.
2019-12-11
Kuwait Cuts Key Rate to 2.75%
The Central Bank of Kuwait lowered its benchmark interest rate by 25 bps to 2.75 percent on October 30th of 2019, to promote non-inflationary economic growth conditions in non-oil sectors and to ensure continued attractiveness and the competitiveness of the national currency.
2019-10-30
Kuwait Holds Interest Rates Despite Fed Cut
The Central Bank of Kuwait left its key discount rate steady at 3 percent during its September meeting, despite the Federal Reserve's decision to cut the funds rate by 25 bps, saying the decision aims to support growth while maintaining the attractiveness and competitiveness of the national currency as a store for domestic savings. Kuwait does not have its currency pegged to the dollar. The country links its dinar to a basket of currencies.
2019-09-18
Kuwait Holds Rates at 3% Despite Fed Cut
The Central Bank of Kuwait left its key discount rate steady at 3 percent during its July meeting, despite the Federal Reserve's decision to cut the funds rate by 25 bps, saying the decision aims to support growth while maintaining the attractiveness and competitiveness of the national currency as a store for domestic savings. Kuwait does not have its currency pegged to the dollar. The country links its dinar to a basket of currencies.
2019-07-31

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.