GCC Central Banks Follow Fed’s Lead and Raises Interest Rates
Posted on 09/23/2022
GCC central banks raise interest rates to fight inflation and follow the Federal Reserve’s lead on rate raises. The Central Bank of Bahrain (CBB) was the first to announce the rate hike in the GCC – raising its key policy interest rate on the one-week deposit facility from 3.25% to 4.00%. The Central Bank of…
