The Central Bank of Bahrain (CBB) announced its decision to maintain the overnight deposit rate unchanged at 5 per cent.
The decision comes as part of the review conducted by the CBB to maintain monetary and financial stability in Bahrain in light of global financial market developments.
Meanwhile, the Federal Reserve held interest rates steady yesterday in a split decision that gave little indication of when borrowing costs might be lowered and drew dissents from two of the US central bank’s governors, both appointees of President Donald Trump who agree with him that monetary policy is too tight.
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