The Central Bank of Kuwait (CBK) revealed that its current assessment of the local economic and financial data and information available to it reflects the continued soundness and strength of monetary and financial stability conditions in the State of Kuwait.
He revealed that within the macroeconomic indicators, the data indicate a slowdown in the inflation rate from 4.71 percent in April 2022 to reach 2.75 percent during September 2024, in addition to the continued relative stability in the exchange rate of the Kuwaiti dinar against major currencies.
In addition to monetary and banking indicators, the balances of residents' deposits with the banking system recorded a growth of about 6.7 percent at the end of last September compared to the end of September 2023, and private sector deposits in Kuwaiti dinars constituted 95.3 percent of the total private sector deposits at the end of September 2024. The balances of credit facilities (residents and non-residents) recorded a growth of about 5.7 percent at the end of the mentioned month compared to the end of the corresponding month of the previous year.
