Qatar Central Bank Raises Interest Rate

Doha, March 22 (QNA) - Qatar Central Bank (QCB) announced Wednesday a decision to raise the QCB Deposit Rate (QCBDR) by 25 basis points to 5.25%.
In a statement on Wednesday, QCB also decided to raise the QCB Lending Rate (QCBLR) by 25 basis points to 5.75%. It was also decided to raise the QCB Repurchase Rate (QCB Repo Rate) by 25 basis points to 5.50%.
QCB indicated that the decision will go into effect as of tomorrow, Thursday. (QNA)