Move is consistent with the bank's goals of promoting a growth-friendly environment
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KUWAIT: Kuwait's discount rate increased by 0.50% from 3% to 3.50% as of December 7, according to a statement issued by the Central Bank of Kuwait on Tuesday,
Governor Basel Al-Haroon said in the statement that the move is consistent with the bank's goals of promoting a growth-friendly environment, upholding financial and monetary stability, and preserving the allure of the national currency as a store of wealth.
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