Policy Interest Rate in Bahrain
Consumer prices declined 0.1% year on year in March (February: +1.1%), largely due to a statistical effect: In January 2022, the VAT was doubled to 10%, fueling inflation. Meanwhile, on 3 May, the Central Bank hiked the one-week deposit rate by 25 basis points—mirroring the Fed—to 6.00%. In 2023, inflation will be lower than last year, thanks to a fading base effect and higher interest rates.
Bahrain Policy Interest Rate Chart
This chart displays Policy Interest Rate (%) for Bahrain from 2013 to 2022.
Bahrain Policy Interest Rate Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
1-Week Deposit Rate (%, eop) | 1.75 | 2.75 | 2.25 | 1.00 | 1.00 |