Kuwait Central Bank Holds Interest Rate at 3.5% Unchanged - Sarmad

The Central Bank of Kuwait affirmed the resilience of monetary and financial stability in the State of Kuwait, noting that current monetary trends are consistent with the domestic economic conditions. This assessment comes in light of its continuous monitoring of global economic and financial developments, geopolitical tensions, and their potential implications for the national economy.

The latest monetary and banking data showed that broad money supply (M2) increased by 1.9% year-on-year in July 2026. Meanwhile, resident deposits at local banks recorded a notable growth of 9.8%, coinciding with a 4.8% increase in credit facilities extended to residents compared to July 2025.

The current discount rate stands at 3.5%, as the Central Bank continues to assess local and global variables and their impact on monetary and financial conditions.

The Bank emphasized its rigorous monitoring of economic and monetary developments, reaffirming its readiness to take necessary measures by deploying available monetary policy tools and macroprudential instruments. This approach is gradual, balanced, and flexible, aimed at supporting monetary and financial stability in Kuwait.