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Bahrain central bank increases one-week deposit rate by 75 bps to 4% -statement

Sept 21 (Reuters) - The Central Bank of Bahrain said on Wednesday it raised its key policy interest rate on its one-week deposit facility by 75 basis points (bps) to 4%, moving in parallel with the U.S. Federal Reserve's hike as the Bahraini dinar is pegged to the dollar.

CBB also hiked by 75 bps the overnight deposit rate to 3.75%, the four-week deposit rate to 4.75% and the lending rate to 5.25%.

(Reporting by Alaa Swilam and Mahmoud Mourad in Cairo; Writing by Yousef Saba; Editing by Chris Reese)