Kuwait's Central Bank Will Ease Its Policy By Less Than The Fed In 2024
Country Risk / Kuwait / Fri 31 May, 2024
Key View
- We forecast that the Central Bank of Kuwait will lower its benchmark policy rate by 50 basis points (bps) in H2 2024, less than the 75bps cuts that will be carried out by the US Federal Reserve.
- The elevated policy rate in H2 2023 and H1 2024 – the highest since 2006 – paired with lower global food prices, will lead to a lagged slowdown in