The Qatar Central Bank (QCB) will raise the deposit rate (QCBDR) by 75 basis points (bps) to 3.75 percent from Thursday, September 22, 2022.
According to a tweet from QCB on Wednesday, the QCB Lending Rate (QCBLR) will also be raised by 75 basis points (bps) to 4.50 percent, while the QCB Repurchase Rate (QCB Repo Rate) will remain unchanged by 75 basis points (bps). Increase to 4%.
The decision by its Monetary Policy Committee was taken in view of the evolving domestic and international macro-economic developments, the QCB noted.
