Qatar Central Bank Raises Interest Rate

Qatar Central Bank

Qatar Central Bank (QCB) announced Wednesday a decision to raise the QCB Deposit Rate (QCBDR) by 25 basis points to 5.50%.

In a statement on Wednesday, QCB also decided to raise the QCB Lending Rate (QCBLR) by 25 basis points to 6.00%. It also decided to raise the QCB Repurchase Rate (QCB Repo Rate) by 25 basis points to 5.75%.

QCB indicated that the decision will go into effect as of tomorrow, Thursday.

(QNA)