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CBK cuts repo rates to boost money supply

Posted on 09 February 2010

From Arabnews.com: The Central Bank of Kuwait (CBK) on Monday cut its one-week and one-month repurchase rates by 25 basis points each in a bid to expand money supply, a day after reducing the benchmark discount rate.

The bank cut the one-week repo rate to 1.5 percent and its one-month rate to two percent, according to the bank’s official website………………………………….Full Article: Source

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