Press Releases
CBK Governor Honors the Winners of "2023 Kuwaiti Economic Student Award"
The Central Bank of Kuwait (CBK) held a ceremony to honor the winners of the “Kuwaiti Economic Student Award” in a ceremony attended by the CBK Governor and Chairman of the Board of Directors of the Institute of Banking Studies (IBS), Mr. Basel A. Al-Haroon, and a host of elite banking sector figures on Monday, November 18, 2024, at the CBK headquarters.
MoreStatement on the Local Economic, Financial and Banking Developments
As part of the Central Bank of Kuwait's continuous monitoring of all economic and monetary variables and indicators in international markets and geopolitical developments, and effects thereof on the global economic conditions and the performance of the local economy, and their implications on the policy response, considering the conditions of each economy, and the nature of our national economy, the Central Bank of Kuwait (CBK) released a statement indicating that its current assessment of the available local economic and financial data and information demonstrate the continued safety and resilience of monetary and financial stability in the State of Kuwait.
MoreThe Seventh Edition (September 2024); "Overview on the Balance of Payments and its Importance in Economic Analysis"
The Central Bank of Kuwait (CBK) releases the seventh edition (September 2024) "Overview on the Balance of Payments & its Importance in Economic Analysis".
MoreInternational Monetary Fund Concludes 2024 Article IV Consultation with the State of Kuwait
International Monetary Fund (IMF) Concludes 2024 Article IV Consultation with the State of Kuwait
MoreCBK Enriches Economic & Financial Knowledge among Business Administration Students at "Kuwait-IMF Towards a Constructive Partnership Forum"
The Central Bank of Kuwait (CBK) Enriches Economic & Financial Knowledge among Business Administration Students at "Kuwait-IMF Towards a Constructive Partnership Forum"
MoreCBK Continues to Enhance and Update Monthly Statistics Tables
Keen on assessing and updating its statistical bulletins, and seeking further development of its statistical data to provide integrated and comprehensive information in terms of scope of coverage, regularity, up-to-date data, and quality in line with the latest global best practices in the field, the Central Bank of Kuwait has updated the tables in its Monthly Monetary Statistical Bulletin as of the August 2024 issue.
MoreCBK Issues 2023 Financial Stability Report
In line with its efforts to enhance transparency, disclosure, and provide reliable information and statistics related to the Kuwaiti financial and banking sector, the Central Bank of Kuwait (CBK) has issued its Financial Stability Report for the year 2023.
MoreCBK Cuts Discount Rate by 25 Basis Points to 4.00%
In light of its vigilant monitoring of the domestic and international economic developments and the end of the monetary tightening cycle initiated since March 2022 at most of global central banks, the Board of Directors of the Central Bank of Kuwait (CBK) decided to cut the discount rate by 25 Basis Points from 4.25% to 4.00% effective 19-09-2024.
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Fitch Ratings Affirms State of Kuwait Sovereign Credit Rating at (AA-); Outlook Stable
Fitch Ratings Affirms State of Kuwait Sovereign Credit Rating at (AA-); Outlook Stable
MoreCBK Launches "Kuwait Overnight Interest Average" (KONIA)
Continuing its significant strides made to consolidate financial stability and introduce financial benchmarks for the local market seen as a reliable reference as per the best international standards, and contributes to enhancing transparency and efficiency of financial transactions in the State of Kuwait, the Central Bank of Kuwait (CBK) announced the launch of "Kuwait Overnight Interest Average" (KONIA).
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