Qatar Central Bank Lowers Key Rates by 55 Basis Points

Qatar, 19 September, 2024 : Qatar’s central bank has announced a reduction in key interest rates by 55 basis points, effective Wednesday. The new rates include a lending rate of 5.70%, a deposit rate of 5.20%, and a repo rate of 5.45%.

This move follows the U.S. Federal Reserve’s decision to lower rates by half a percentage point. The cut aims to align Qatar's monetary policy with international trends and adjust economic conditions in response to global financial developments.

Source : www.zawya.com