QCB Reduces Interest Rates By 0.25%
(MENAFN- Gulf Times) Qatar Central Bank (QCB) decided to reduce the current interest rates for deposits, lending and repo by 0.25% or 25 basis points (bps).
The new rates will take effect on September 18, QCB noted.
Qatar Central Bank's deposit rate (QCBDR) will now be 4.35%, lending rate (QCBLR) 4.85% and repo rate (QCBRR) 4.60%.
In a statement, QCB said the rate cut followed its“assessment of the current monetary policy of the State of Qatar Central Bank interest rates
The new rates will take effect on September 18, QCB noted.
Qatar Central Bank's deposit rate (QCBDR) will now be 4.35%, lending rate (QCBLR) 4.85% and repo rate (QCBRR) 4.60%.
In a statement, QCB said the rate cut followed its“assessment of the current monetary policy of the State of Qatar Central Bank interest rates
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
- Chicago Clearing Corporation And Taxtec Announce Strategic Partnership
- Everstake Expands Institutional Solana Services With Shredstream, Swqos, And Validator-As-A-Service
- Japan Smart Cities Market Size Is Expected To Reach USD 286.6 Billion By 2033 CAGR: 14.6%
- Alchemy Markets Launches Tradingview Integration For Direct Chart-Based Trading
- Blackrock Becomes The Second-Largest Shareholder Of Freedom Holding Corp.
- Pluscapital Advisor Empowers Traders To Master Global Markets Around The Clock
More Story
Comments
No comment