Central Bank affirms strength of Kuwait’s monetary stability

KUWAIT CITY, Sept 17: The Central Bank of Kuwait (CBK) has affirmed that its current assessment of domestic economic and financial indicators reflects the overall strength and soundness of monetary stability across the State of Kuwait. In an official statement, the regulatory authority highlighted that prevailing monetary conditions remain fully aligned with local economic requirements, supported by steady growth across key banking aggregates.

The central bank reported positive operational growth across major financial sectors for July 2026. Broad money supply (M2) expanded by 1.9 percent year-on-year, while total resident deposit balances held at local banks recorded a significant 9.8 percent increase compared to the corresponding period in 2025. Additionally, credit facilities extended to residents grew by 4.8 percent over the same period, demonstrating sustained economic activity. The central bank stated that the current benchmark discount rate is 3.5 percent. Reaffirming its proactive regulatory posture, CBK emphasized its continuous surveillance of global financial trends, geopolitical shifts, and their potential impact on the performance of the local economy. The institution pledged to employ all necessary monetary policy and macroprudential tools through a balanced, gradual approach to protect national financial stability and bolster long-term economic growth (KUNA)