Kuwait c.bank cuts discount rate by 50 bps-agency

KUWAIT | Sun Feb 7, 2010 11:48am EST

KUWAIT Feb 7 (Reuters) - Kuwait's central bank cut on Sunday its discount rate by 50 basis points to 2.5 percent, state news agency KUNA said in a text message alert.

The agency did not give further details. The central bank officials were not immediately available to confirm the report.

(Writing by Firouz Sedarat; editing by Martin Dokoupil)

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