Qatar central bank raises deposit rate by 25
basis points
September 27, 2018
Qatar Central Bank (QCB) announced that it has raised the QCB
Deposit Rate (QCBDR), as of today, by 25 basis points to 2.25%.
The bank stated that the move took into account the evolving
domestic and international macroeconomic developments.
QCB’s decision to raise deposit rate
prices is aligned with the U.S.
Federal Reserve’s resolution to lift the benchmark overnight
lending rate by a quarter of a percentage point to a range of
2.00 percent to 2.25 percent, and the fact that the Qatari Riyal
is tied to the U.S. Dollar since 1980.
The U.S. central bank still
foresees another rate hike in December, three more next year,
and one increase in 2020.
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