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Article: Bahrain interest rates on loans stable, despite rising US rates, BMA study finds
- Article from:
- Al Bawaba
- Article date:
- September 7, 2005
CopyrightCopyright 2005 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Bahrain average interest rates on loans are stable, despite rising
US interest rates, a study by the Bahrain Monetary Agency (BMA) has
shown.
Interest rates on deposits, on the other hand, are rising, in line
with rate increases in the US. The weighted average interest rate,
applied by Bahrain's commercial banks on short-term deposits, have
increased 218bp in the past seven fiscal quarters, decreasing the
margin between interest rates on fixed-term (3-12 months) deposits
and personal loans to 4.89%
The study, conducted by BMA's Economic Research Directorate, also
took into account interest rates offered by the BMA on public debt
instruments and money market instruments, including the ...