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Qatar Central Bank Cuts Interest Rates
04 March
2020
Qatar Central Bank ‘QCB’ announced today that in light of the local
and international economic data, it has decided the following with
effect from Wednesday 04 March 2020:
Ø
Reducing the interest rate on Deposits place with QCB ‘QCBDR’ by 50
basis points to be 1.5%
Ø
Reducing the interest rate on Lending from QCB ‘QCBLR’ by 75 basis
points to be 3.50%
Ø
Reducing the interest rate on Repurchase ‘REPO’ by 50 basis points
to be 1.50%