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2025-09-18 03:26:24
The central banks of the Gulf countries followed the Federal Reserve in cutting interest rates by 25 basis points. The Saudi Central Bank lowered the repurchase rate by 25 basis points to 4.75% and the reverse repurchase rate by 25 basis points to 4.25%. The Central Bank of the United Arab Emirates lowered the benchmark interest rate by 25 basis points to 4.15%. The Central Bank of Qatar lowered the deposit rate by 25 basis points to 4.35%. The Central Bank of Bahrain lowered the overnight deposit rate by 25 basis points to 4.75%. The Central Bank of Kuwait lowered the discount rate by 25 basis points to 3.75%. The Central Bank of Oman lowered the repurchase rate by 25 basis points to 4.75%.
