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Posted On: 27 July 2022 10:04 pm
Updated On: 27 July 2022 10:38 pm

Qatar Central Bank announces increase in interest rates

Cassandra Pallagud
Cassandra Pallagud
Content Writer
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Qatar central bank announces interest rate increase raise

Qatar Central Bank (QCB) announced on its website the increase in interest rates for deposits, lending, and repurchases as follows:

  • Raise the QCB Deposit Rate (QCBDR) by 75 basis points to 3.00%.
  • Raise the QCB Lending Rate (QCBLR) by 50 basis points to 3.75%.
  • Raise the QCB Repurchase Rate (QCB Repo Rate) by 75 basis points to 3.25%.​

QCB notes that the increase is to adapt to the evolving domestic and international macroeconomic developments in Qatar. The increase will be effective by 28 July 2022.

Source: Qatar Central Bank
Cover image credit: Shutterstock (for representation purposes only)