Mon. Sep 25th, 2023

CAIRO, Dec 6 (Reuters) – The central bank of Kuwait raised its discount rate by 0.50% from 3% to 3.50% effective Dec. 7, a central bank statement said on Tuesday.
The decision comes in line with the bank's aim of reinforcing a growth-friendly environment, and maintaining financial and monetary stability and the attractiveness of the national currency as a store of wealth, Governor Basel Al-Haroon said in the statement.
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President Tayyip Erdogan's decision to allow more than 2 million Turkish workers to retire early is his latest measure to ease economic hardships in the run-up to tight elections, and it will swell government spending to record levels.
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