‘Kuwait most affected by US banking crisis repercussions’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 26-Mar-2023
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
‘Kuwait most affected by US banking crisis repercussions’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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Battle for controlling stable deposits still open
KUWAIT CITY, March 26: The AlShall Consulting Company stated in its weekly report that with the recent US Federal Reserve hike in interest rates, the gap between the discount rate on the dinar and the basic interest on the dollar ranged between 0.75 and 1 percent, reports Al-Rai daily. AlShall added it does not believe that the increase in interest rates last week is aimed at curbing inflation only as in the previous eight cases, but rather fall under the objective of supporting confidence, as in the statement of the European Central Bank when it raised the interest rate of the euro by 0.5 percent.
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