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Posted On: 21 September 2022 09:43 pm
Updated On: 25 September 2022 10:11 am

Qatar Central Bank to increase interest rates

Tracy Quirino
Tracy Quirino
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Qatar Central Bank (QCB) has announced in a tweet that the bank will be increasing its interest rates for deposits, lending, and repurchases as follows:

  • Raise the QCB Deposit Rate (QCBDR) by 75 basis points to 3.75%.
  • Raise the QCB Lending Rate (QCBLR) by 75 basis points to 4.50%.
  • Raise the QCB Repurchase Rate (QCB Repo Rate) by 75 points to 4%.

This increase is made taking into account the evolving domestic and international macroeconomic developments in Qatar. The increase will be effective by 22 September 2022.

Source: Qatar Central Bank
Cover image credit: Shutterstock