Thu 04-05-2023 00:50 AM
ABU DHABI, 3rd May, 2023 (WAM) — The Central Bank of Saudi Arabia, the Central Bank of Bahrain and the Qatar Central Bank decided to raise interest rates by 25 basis points in line with the decision of the U.S. Federal Reserve.
The U.S. Central Bank’s raised benchmark overnight interest rate to the 5.00 percent – 5.25 percent range, the tenth consecutive increase since March 2022.
Khoder Nashar
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