The Central Bank of Bahrain (CBB) has decided today and effective immediately to raise its key policy interest rate. The CBB’s key policy interest rate on the one-week deposit facility is raised from 1.50% to 1.75%. The CBB has also decided to increase the overnight deposit rate from 1.25% to 1.50% and adjust both the one-month deposit rate from 2.15% to 2.40%, and the lending rate from 3.25% to 3.50%.