Kuwait Policy Rate

1999 - 2024 | Monthly | % pa | Central Bank of Kuwait

Key information about Kuwait Policy Rate

  • Kuwait cash rate (Policy Rate: Month End: Discount Rate) was set at 4.25 % pa in Feb 2024, compared with 4.25 % pa in the previous Jan 2024.
  • Kuwait Policy Rate averaged 3.00 % pa and is updated monthly, available from Jul 1999 to Feb 2024.
  • The data reached an all-time high of 7.25 % pa in Dec 2000 and a record low of 1.50 % pa in Feb 2022.




Related information about Kuwait Policy Rate

  • In the latest reports, Kuwait Short Term Interest Rate: Month End: KIBOR: 3 Months was reported at 4.31 % pa in Feb 2024.
  • Kuwait Exchange Rate against USD averaged 0.31 (USD/KWD) in Jun 2023.

View Kuwait's Policy Rate from Jul 1999 to Feb 2024 in the chart:

Kuwait Policy Rate

What was Kuwait's Policy Rate in Feb 2024?

Kuwait cash rate (Policy Rate: Month End: Discount Rate) was set at 4.25 % pa in Feb 2024, compared with 4.25 % pa in the previous Jan 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.25 Feb 2024 4.25 Jan 2024 1.50 Feb 2022 7.25 Dec 2000 % pa monthly Jul 1999 - Feb 2024

Policy Rate by Country Comparison

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Includes Policy Rate on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% pa) 3.25 Feb 2024 monthly Jan 2000 - Feb 2024
Algeria (% pa) 3.00 Sep 2023 monthly Jan 1963 - Sep 2023
Argentina (%) 108.12 Feb 2024 monthly Aug 1985 - Feb 2024
Armenia (% pa) 8.75 Feb 2024 monthly May 2001 - Feb 2024
Australia (% pa) 4.35 Feb 2024 monthly Aug 1990 - Feb 2024
Austria (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Azerbaijan (% pa) 7.75 Feb 2024 monthly Jan 2005 - Feb 2024
Bahrain (% pa) 6.25 Feb 2024 monthly Jan 2007 - Feb 2024
Bangladesh (% pa) 8.00 Jan 2024 monthly Sep 2009 - Jan 2024
Belarus (% pa) 9.50 Feb 2024 monthly Jul 1991 - Feb 2024
Belgium (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Bolivia (% pa) 3.01 Feb 2024 monthly Jan 2013 - Feb 2024
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 11.25 Feb 2024 monthly Mar 1999 - Feb 2024
Bulgaria (% pa) 3.80 Mar 2024 monthly Feb 1991 - Mar 2024
Canada (% pa) 5.00 Feb 2024 monthly Dec 1992 - Feb 2024
Chile (% pa) 7.25 Feb 2024 monthly May 1995 - Feb 2024
China (% pa) 2.65 Jun 2023 monthly Jan 2016 - Jun 2023
Colombia (% pa) 12.75 Feb 2024 monthly Apr 1995 - Feb 2024
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Czech Republic (% pa) 5.25 Feb 2024 monthly Jan 1993 - Feb 2024
Denmark (% pa) 3.60 Feb 2024 monthly Aug 1914 - Feb 2024
Ecuador (% pa) 10.34 Feb 2024 monthly Jul 1995 - Feb 2024
Egypt (% pa) 21.75 Feb 2024 monthly Jan 1991 - Feb 2024
Estonia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
European Union (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Finland (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
France (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Georgia (% pa) 9.00 Feb 2024 monthly Jan 2008 - Feb 2024
Germany (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Ghana (% pa) 29.50 May 2023 monthly Nov 2002 - May 2023
Greece (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Hong Kong SAR, China (% pa) 5.75 Feb 2024 monthly Jun 1992 - Feb 2024
Hungary (% pa) 9.00 Feb 2024 monthly Oct 1990 - Feb 2024
Iceland (% pa) 10.00 Feb 2024 monthly Jan 1994 - Feb 2024
India (% pa) 6.50 Feb 2024 monthly Apr 2001 - Feb 2024
Indonesia (% pa) 6.00 Feb 2024 monthly Jun 2015 - Feb 2024
Ireland (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Israel (% pa) 4.50 Feb 2024 monthly Dec 1998 - Feb 2024
Italy (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Ivory Coast (% pa) 2.50 Mar 2017 monthly Jan 1964 - Mar 2017
Japan (% pa) -0.10 Jun 2023 monthly Nov 2008 - Jun 2023
Jordan (% pa) 8.50 Feb 2024 monthly Dec 1965 - Feb 2024
Kazakhstan (% pa) 14.75 Feb 2024 monthly Feb 1992 - Feb 2024
Kenya (% pa) 13.00 Feb 2024 monthly Jul 2003 - Feb 2024
South Korea (% pa) 3.50 Feb 2024 monthly May 1999 - Feb 2024
Kosovo (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Kuwait (% pa) 4.25 Feb 2024 monthly Jul 1999 - Feb 2024
Kyrgyzstan (% pa) 13.00 Feb 2024 monthly Jan 1999 - Feb 2024
Laos (% pa) 7.50 May 2023 monthly Dec 1992 - May 2023
Latvia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Lebanon (% pa) 10.00 Jan 2023 monthly Apr 1964 - Jan 2023
Lithuania (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Luxembourg (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Macau SAR, China (% pa) 5.75 Feb 2024 monthly Dec 1999 - Feb 2024
North Macedonia (% pa) 6.30 Mar 2024 monthly Jan 2002 - Mar 2024
Malawi (% pa) 24.00 Feb 2024 monthly Jan 1980 - Feb 2024
Malaysia (% pa) 3.00 Feb 2024 monthly Apr 2004 - Feb 2024
Malta (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Mauritius (% pa) 4.50 Feb 2024 monthly Dec 1999 - Feb 2024
Mexico (% pa) 11.25 Feb 2024 monthly Jan 2008 - Feb 2024
Moldova (% pa) 4.25 Feb 2024 monthly Feb 2001 - Feb 2024
Mongolia (% pa) 13.00 Feb 2024 monthly Jul 2007 - Feb 2024
Montenegro (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Morocco (% pa) 3.00 Feb 2024 monthly Jun 1995 - Feb 2024
Myanmar (% pa) 7.00 2023 yearly 1986 - 2023
Nepal (% pa) 7.00 Feb 2024 monthly Jul 2003 - Feb 2024
Netherlands (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
New Zealand (% pa) 5.50 May 2023 monthly Mar 1999 - May 2023
Nigeria (% pa) 22.75 Feb 2024 monthly Dec 2006 - Feb 2024
Norway (% pa) 4.50 Feb 2024 monthly Jan 1991 - Feb 2024
Oman (% pa) 6.00 Feb 2024 monthly May 2007 - Feb 2024
Pakistan (% pa) 23.00 Feb 2024 monthly Feb 1992 - Feb 2024
Paraguay (% pa) 6.25 Feb 2024 monthly Jul 2010 - Feb 2024
Peru (% pa) 6.25 Feb 2024 monthly Sep 2003 - Feb 2024
Philippines (% pa) 7.00 Feb 2024 monthly Jun 2016 - Feb 2024
Poland (% pa) 5.75 Feb 2024 monthly Jan 2005 - Feb 2024
Portugal (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Qatar (% pa) 6.25 Jan 2024 monthly Mar 2003 - Jan 2024
Romania (% pa) 7.00 Feb 2024 monthly Jan 2003 - Feb 2024
Russia (% pa) 16.00 Feb 2024 monthly Sep 2013 - Feb 2024
Saudi Arabia (% pa) 6.00 Feb 2024 monthly Jan 2000 - Feb 2024
Serbia (% pa) 6.50 Feb 2024 monthly Jan 2001 - Feb 2024
Singapore (% pa) 4.00 Jun 2023 monthly Jul 2005 - Jun 2023
Slovakia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Slovenia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
South Africa (% pa) 8.25 Feb 2024 monthly Nov 1999 - Feb 2024
Spain (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Sri Lanka (% pa) 9.00 Feb 2024 monthly Jan 1997 - Feb 2024
Sweden (% pa) 4.00 Feb 2024 monthly Jan 1987 - Feb 2024
Switzerland (% pa) 1.70 Feb 2024 monthly Jun 1999 - Feb 2024
Syria (% pa) 5.00 Feb 2024 monthly Jan 1962 - Feb 2024
Taiwan (% pa) 1.88 Jan 2024 monthly Jul 1961 - Jan 2024
Tajikistan (% pa) 9.50 Feb 2024 monthly Jun 1995 - Feb 2024
Thailand (% pa) 2.50 Feb 2024 monthly May 2000 - Feb 2024
Tunisia (% pa) 8.00 Feb 2024 monthly Jan 2000 - Feb 2024
Turkey (% pa) 45.00 Feb 2024 monthly Jun 1996 - Feb 2024
Ukraine (% pa) 15.00 Feb 2024 monthly Dec 1992 - Feb 2024
United Arab Emirates (% pa) 5.40 Feb 2024 monthly Nov 2007 - Feb 2024

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Kuwait Key Series

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Includes 176 key indicators for Kuwait, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 11.5 2022 yearly 1988 - 2022
Consolidated Fiscal Balance (USD mn) 20,745.883 2022 yearly 1988 - 2022
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.0 2022 yearly 1988 - 2022
National Government Debt (USD mn) 684.6 Dec 2023 monthly Dec 1993 - Dec 2023
Government Debt: % of GDP (%) 0.4 Sep 2023 quarterly Dec 2010 - Sep 2023
Forecast: Government Expenditure (KWD bn) 28.396 2028 yearly 1985 - 2028
Forecast: Government Net Debt (KWD bn) 9.523 2028 yearly 1991 - 2028
Forecast: Government Revenue (KWD bn) 29.444 2028 yearly 1985 - 2028
Government Fiscal Balance: ytd (KWD mn) -1,727.605 Dec 2023 monthly Apr 2018 - Dec 2023
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 333.812 Dec 2023 monthly Apr 2018 - Dec 2023
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 715.857 Dec 2023 monthly Apr 2018 - Dec 2023
Government Revenue: ytd: Non Oil (KWD mn) 1,170.418 Dec 2023 monthly Apr 2018 - Dec 2023
Government Revenue: ytd (KWD mn) 15,445.426 Dec 2023 monthly Apr 2018 - Dec 2023
Government Expenditure: ytd: Current (KWD mn) 16,457.174 Dec 2023 monthly Apr 2018 - Dec 2023
Government Expenditure: ytd (KWD mn) 17,173.031 Dec 2023 monthly Apr 2018 - Dec 2023
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Total Exports (USD mn) 5,006.5 Mar 2021 monthly Jan 1993 - Mar 2021
Total Exports Growth (%) 61.8 Mar 2021 monthly Jan 1994 - Mar 2021
Aluminum: Exports (USD th) 152,297.350 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 529,113.260 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 17,111.420 2022 yearly 1995 - 2022
Total Imports (USD mn) 3,189.5 Mar 2021 monthly Jan 1992 - Mar 2021
Total Imports Growth (%) 27.7 Mar 2021 monthly Jan 1993 - Mar 2021
Imports: Medicament (USD th) 1,144,894.403 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 442,329.808 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 4.977 Nov 2023 monthly Jan 1973 - Nov 2023
Total Imports from USA (USD mn) 266.038 Mar 2021 monthly Jan 2017 - Mar 2021
Total Exports to China (USD mn) 27.186 Mar 2021 monthly Jan 2017 - Mar 2021
Total Imports from China (USD mn) 505.174 Mar 2021 monthly Jan 2017 - Mar 2021
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 4,557.2 Sep 2023 quarterly Mar 2012 - Sep 2023
Current Account Balance (USD mn) 15,358.8 Sep 2023 quarterly Mar 2012 - Sep 2023
Current Account Balance: % of GDP (%) 37.2 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Direct Investment (USD mn) 196.3 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Direct Investment: % of GDP (%) 0.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment (USD mn) -224.952 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -0.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -99.8 Jun 2023 quarterly Mar 2012 - Jun 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -28.282 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt (USD mn) 59,638.5 Sep 2023 quarterly Mar 2018 - Sep 2023
External Debt: % of GDP (%) 35.3 2022 yearly 2014 - 2022
Forecast: Current Account Balance (USD bn) 29.379 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 105,184.786 2022 yearly 2001 - 2022
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Assets (KWD mn) -2,795.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Assets (KWD mn) -1,260.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Net Errors and Omissions (KWD mn) 493.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Assets (KWD mn) -36.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Number of Investment Companies (Unit) 41.000 Dec 2022 monthly Mar 2005 - Dec 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Sep 2023 quarterly Mar 2012 - Sep 2023
Household Debt: % of GDP (%) 0.5 Sep 2023 quarterly Dec 2010 - Sep 2023
Money Supply M1 (USD mn) 34,920.619 Dec 2023 monthly Jan 1994 - Dec 2023
Money Supply M2 (USD mn) 127,094.703 Dec 2023 monthly Jan 1994 - Dec 2023
M2 Growth (%) 1.0 Dec 2023 monthly Jan 1995 - Dec 2023
Foreign Exchange Reserves (USD mn) 42,350.9 Dec 2023 monthly Jan 1964 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 25.497 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 13.8 Sep 2023 quarterly Mar 1973 - Sep 2023
Gold Reserves (USD mn) 103.341 Dec 2023 monthly Dec 1961 - Dec 2023
Total Deposits (USD mn) 157,920.013 Jan 2024 monthly Jan 1994 - Jan 2024
Total Deposits Growth (%) 2.9 Jan 2024 monthly Jan 1995 - Jan 2024
Domestic Credit (USD mn) 127,635.9 Dec 2023 monthly Jan 1994 - Dec 2023
Domestic Credit Growth (%) 1.2 Nov 2023 monthly Jan 1995 - Nov 2023
Household Debt (USD mn) 951.9 Nov 2023 monthly Jan 2002 - Nov 2023
Total Loans (USD mn) 174,673.839 Dec 2023 monthly Jan 1994 - Dec 2023
Total Loans Growth (%) 2.16 Dec 2023 monthly Jan 1995 - Dec 2023
Private Debt: % of Nominal GDP (%) 100.05 Sep 2023 quarterly Dec 2010 - Sep 2023

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