Qatar Central Bank Raises Deposit Rate 25 Bps, Keeps Others Unchanged

June 15, 2017

Qatar's central bank said on Thursday it was raising its overnight deposit rate by 25 basis points to 1.50 percent, after the U.S. Federal Reserve raised rates by the same margin.

However, the Qatari central bank kept its overnight lending rate unchanged at 5 percent and its repo rate, used to lend money to banks, flat at 2.25 percent.