Inflation rose to 3.3% in January from 3.2% in December. Relatively low price pressures persisted thanks to the FX peg and subsidies. Meanwhile, the Central Bank hiked the discount rate to 4.00% in late January to support the currency peg. Inflation should recede later in 2023 due to tighter monetary policy at home and abroad.
Kuwait Discount Rate (%, eop) Data
|Discount Rate (%, eop)||2.75||3.00||2.75||1.50||1.50|