Tuesday, 02 January 2024 12:17 GMT

QCB Reduces Interest Rates By 0.25%


(MENAFN- Gulf Times) Qatar Central Bank (QCB) has 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 December 11, QCB announced last night.

Qatar Central Bank's deposit rate (QCBDR) will now be 3.85%, lending rate (QCBLR) 4.35% and repo rate (QCBRR) 4.10%.

In a statement, QCB said the rate cut followed its“assessment of the current monetary policy of the State of Qatar

Qatar Central Bank interest rates deposits

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Gulf Times

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