Interest Rate in Bahrain
Bahrain - Interest Rate
The economic recovery was likely restrained in Q2, as the non-oil sector dragged on activity due to the tightening of restrictions in late May. More positively, the external sector likely supported the economy, as non-oil trade between Bahrain and the Gulf Cooperation countries expanded 38% year-on-year in the quarter, although the result was flattered by a low base effect. Meanwhile, economic prospects for Q3 have improved: Daily infection rates have plunged to their lowest levels since the start of the pandemic after peaking at the end of May, which, coupled with the rapid vaccination drive, allowed authorities to ease some domestic restrictions from 23 July, with cafes, restaurants and malls allowed to reopen. Moreover, on 29 August, the mandatory 10-day quarantine upon arrival was removed for fully vaccinated visitors, boding well for the tourism industry at the tail end of Q3 and into the final quarter of the year.Bahrain - Interest Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Policy Interest Rate (%) | 0.75 | 1.00 | 1.75 | 2.75 | 2.25 |
Bahrain Interest Rate Chart
Source: Central Bank of Bahrain.
Bahrain Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 0.38 | 0.03 % | Jan 01 |
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