Central Bank of Kuwait Keeps Interest Rate Unchanged

The Central Bank of Kuwait announced today, Wednesday, that it would keep the interest rate unchanged. It stated that, as part of its continuous monitoring of the evolution of key global economic and monetary variables and indicators, as well as geopolitical developments and their potential repercussions on the performance of the local economy, the Central Bank of Kuwait noted that its current assessment of the available local economic and financial data reflects the soundness and resilience of monetary stability and financial stability in the State of Kuwait, and that monetary trends are consistent with local economic conditions.

Latest monetary and banking data indicate that the broad money supply (M2) rose by approximately 1.9% in July 2026 compared to the same month of the previous year. Deposits by residents in local banks also recorded an increase of approximately 9.8%, while credit facilities extended to residents rose by approximately 4.8% in July 2026 compared to the corresponding month in 2025. In this regard, the current discount rate stands at 3.5%.

In conclusion, the Central Bank of Kuwait reaffirmed its continuous and diligent monitoring of global and local economic and monetary developments, ensuring the adoption of necessary measures through the deployment of its available monetary policy tools and macroprudential instruments, following a gradual, balanced, and flexible approach to enhance monetary and financial stability in the State of Kuwait.