Doha: The Qatar Central Bank has hiked the deposit rate (QCBDR) by 50 basis points. The new interest rate will come into force from today. The new rate will be 1.50%.
The apex bank also raised the bank’s lending rate (QCBLR) by 25 basis points, to 2.75%. It also hiked Repo Rate by 50 basis points, to 1.75%.
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The Qatar Central Bank informed that the decision to raise the interest rate was based on local and international economic data.
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