Mubasher: The Central Bank of Kuwait (CBK) has issued bonds worth KWD 160 million ($528 million), according to the Kuwait News Agency (KUNA).

The Bonds and related Tawarruq issuance will mature in six months, with a rate of return at 2.875%.

CBK’s most recent bond issuance was on Mondy 4 November at a total value of KWD 240 million for three months with a 2.75%.

In October, the CBK decided to cut interest rates by 25 basis points (0.25%), in accordance with the US Federal Reserve, which cut rates three times this year.