Qatar Central Bank Hikes Interest Rates

Qatar Central Bank

Qatar Central Bank (QCB) announced Wednesday it is raising the deposit rate 75 basis points to 3 percent.

QCB also raised the lending rate 50 basis points to 3.75 percent.

The central bank sighted the evolving domestic and international macroeconomic developments as the reason behind the decision.

It also increased the repo rate 75 basis points to 3.25 percent.

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— Qatar News Agency (@QNAEnglish) July 27, 2022

(QNA)