Ananthakrishnan Prasad - Euromoney Conferences

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14 12 10 8 6 4 2 Interest rate pass-through has been low… 0 Jan- Jan- Jan- Jan- Jan- Jan- 04 05 06 07 08 09 1\ Time deposit rate (3 months). 14 12 10 8 6 4 2 Source: Haver and country authorities. Figure . GCC: Interbank and Retail Interest Rates Bahrain 3-month Interbank Rate Deposit Rate 1\ Lending Rate Oman Jan- 10 0 Jan- Jan- Jan- Jan- Jan- Jan- Jan- 04 05 06 07 08 09 10 1\ Time deposit rate (weighted average). Jan- 11 Overnight Interbank Rate Deposit Rate 1\ Lending Rate Jan- 11 Jan- 12 Jan- 12 14 12 10 8 6 4 2 0 Jan- Jan- Jan- Jan- 04 05 06 07 1\ Weighted average. 16 14 12 10 8 6 4 2 Kuwait 3-month Interbank Rate Deposit Rate 1\ Lending Rate Jan- 08 Qatar Jan- 09 0 Jan- Jan- Jan- Jan- Jan- Jan- 04 05 06 07 08 09 1\ One year time deposit rate. Jan- 10 Jan- 11 3-month Interbank Rate Deposit Rate 1\ Lending Rate Jan- 10 Jan- 11 Jan- 12 Jan- 12 Pass-through to retail rates lower and slower Reflecting market frictions and regulations Limiting monetary policy transmission
Policy implications Continued efforts to develop domestic financial markets should be the key focus for: Effective monetary operations and liquidity management, which requires liquidity forecasting Increasing interest rate pass-through Strengthening monetary policy transmission
Page 1 and 2: The Euromoney Kuwait Conference Apr
Page 3 and 4: Kuwait—Economic Performance
Page 5 and 6: Economic performance has been relat
Page 7 and 8: Fiscal break even prices have incre
Page 9 and 10: Kuwait is now at crossroads of cons
Page 11 and 12: Need to design a fiscal framework f
Page 13 and 14: 3 2.5 2 1.5 1 0.5 0 Banking soundne
Page 15 and 16: Limited monetary policy independenc
Page 17 and 18: Monetary Transmission
Page 19: Government bond issuances in GCC co

Ananthakrishnan Prasad - Euromoney Conferences

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