Kuwait skyline at goldenhour

Kuwait Money (ann. var. of M2 %)

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 Money (ann. var. of M2 %) Data

2017 2018 2019 2020 2021
Money (ann. var. of M2 %) 3.8 4.0 -1.3 2.7 -7.4

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