Kuwait's central bank has been under pressure to cut the discount rate in order to help the economy and boost the stock market, The Gulf Daily News reported Wednesday.
The bank is planning to make some changes after studying the impact of expected cuts in interest rate abroad, the paper added.
Central Bank Governor Shaikh Salem Abdulaziz Al Sabah was quoted by the daily as saying "we are prepared to act at all times."
The bank last changed rates in May, raising the discount rate half a percentage point to 7.25 percent on the Kuwaiti dinar which is tied to a basket of currencies dominated by the US dollar and to a lesser extent the Japanese yen -- Albawaba.com
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