Bank lowered the rate as part of a series of precautionary measure against coronavirus outbreak consequences DUBAI: Kuwait’s central bank cut its discount rate by 100 basis points to 1.5 percent from 2.5 percent, setting the rate at its lowest level in history, it said in a statement on Monday. بنك الكويت المركزي | CBK ✔ @CentralBank_KW View image on Twitter 43 12:06 PM - Mar 16, 2020 Twitter Ads info and privacy 119 people are talking about this The bank lowered the rate as part of a series of precautionary measures “for the consequences of the outbreak of the coronavirus and its implications for the national economy and the local market,” it said on Twitter.