Please wait...
GulfBase Live Support
- Gulf central banks cut rates by 25 basis points after Fed move
- Bahrain All Share Index, Islamic Index close higher
- AI bubble? Opinions divided on tech's trillion dollar question
- Kuwait CB reduces discount rate by 25 basis points
- Divided Fed lowers rates, signals pause and one cut next year
- Qatari-Omani Joint Committee explores economic and investment cooperation
- QSE upward trend continues with influx of new liquidity
- Vodafone Business launches enhanced features on MyVodafone Portal
- QSE index closes higher
- Saudi Industrial Production Jumps 8.9% in October, Driven by Mining Sector
12/12/2025 10:35 AST
Gulf central banks cut key interest rates by 25 basis points on Dec. 10, mirroring a move by the US Federal Reserve to reduce rates by a quarter of a percentage point in another divided vote.
The Fed signalled it will likely pause further reductions in borrowing costs with new projections indicating the median policymaker view of just one quarter-percentage-point cut in 2026, the same outlook as in September.
The oil and gas exporters of the Gulf Cooperation Council generally follow the Fed's lead on interest rate moves as most regional currencies are pegged to the dollar. Only the Kuwaiti dinar is pegged to a basket of currencies, which includes the dollar.
Saudi Arabia, the region's biggest economy, cut its repurchase agreement, or repo, rate by 25 bps to 4.25 percent and its reverse repo rate to 3.75 percent.
The UAE's central bank reduced the base rate applied to its overnight deposit facility to 3.65 percent, effective Dec. 11.
Gulf economies are all at varying stages of diversifying their economies away from hydrocarbons and develop non-oil sectors like real estate, tourism and manufacturing, which require billions in financing and investment.
Lower rates are expected to stimulate economic activity and bolster non-oil growth.
The central banks of Qatar, Bahrain, Kuwait and Oman also reduced key rates by 25 basis points.
Reuters
| Ticker | Price | Volume |
|---|
12/12/2025
The Central Bank of Kuwait (CBK) announced on Wednesday a reduction in the discount rate by 25 basis points, bringing it down to 3.50 percent from 3.75 percent, effective Thursday.
In a pres
KUNA
12/12/2025
The Qatari-Omani Joint Committee held its 24th session meetings in Muscat, the Sultanate of Oman, over two days.
The Qatari side was headed by Minister of Finance H E Ali bin Ahmed Al Kuwari
QNA
12/12/2025
Saudi Arabia's General Authority for Statistics (GASTAT) released preliminary data for the Industrial Production Index (IPI) for October 2025, reporting a strong 8.9 percent increase compared with th
Asharq Al Awsat
12/12/2025
Saudi Arabia has secured 62 market access deals in goods and services since joining the World Trade Organization, alongside 379 rounds of in person and virtual negotiations, and 42 laws and regulatio
Asharq Al Awsat
12/12/2025
Saudi Arabia's Ministry of Industry and Mineral Resources issued 95 new industrial licenses during October, while production commenced at 81 new factories during the same month.
A report fr
Arab News
Financial Information Co.
Saudi Arabia