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
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Discount Rate (%, eop) | 2.75 | 3.00 | 2.75 | 1.50 | 1.50 |