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)

Follow us on our social media channels: @ILQlive @ILQlive @ILoveQtr ILoveQatar

Cassandra Pallagud

Content Writer

Start a discussion