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Bahrain unlikely to raise interest rates soon

05 May 2010

The governor of Bahrain's central bank, Rasheed al-Maraj has said it is unlikely interest rates will be raised for "some time," as faster economic growth will not increase inflation soon, Bloomberg has reported. The central bank last cut its key interest rate by a quarter of a percentage point to 0.5% on September 15, as lower oil prices slowed economic growth.

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