Qatar central bank raises interest rates by 75 bps –statement

Reuters

DUBAI (Reuters) – Qatar’s central bank said on Wednesday it will raise its interest rates by 75 basis points as of Thursday, moving in parallel with the U.S. Federal Reserve’s third straight hike of that size.

The central bank increased its lending rate to 4.5%, the deposit rate to 3.75% and the repo rate to 4.0%, the central bank said in a statement.

(Reporting by Mahmoud Mourad and Alaa Swilam in Cairo; Writing by Rachna Uppal; Editing by Chris Reese)

Related News:   RFK Jr names wealthy lawyer, 'warrior mom' Shanahan as running mate

tagreuters.com2022binary_LYNXMPEI8K0XX-VIEWIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.