The central bank of the Gulf countries follows the Federal Reserve in cutting interest rates by 25 basis points.

1. The Saudi central bank has lowered the repurchase rate by 25 basis points to 4.75% and the reverse repurchase rate by 25 basis points to 4.25%. 2. The UAE central bank has lowered the benchmark interest rate by 25 basis points to 4.15%. 3. The Qatar central bank has lowered the deposit rate by 25 basis points to 4.35%. 4. The Bahrain central bank has lowered the overnight deposit rate by 25 basis points to 4.75%. 5. The Kuwait central bank has lowered the discount rate by 25 basis points to 3.75%. 6. The Oman central bank has lowered the repurchase rate by 25 basis points to 4.75%.