Qatar Central Bank (QCB) has decided to reduce the current interest rates for deposits, lending and repo by 0.25% or 25 basis points (bps).
The new rates will take effect on December 11, QCB announced last night.
Qatar Central Bank’s deposit rate (QCBDR) will now be 3.85%, lending rate (QCBLR) 4.35% and repo rate (QCBRR) 4.10%.
In a statement, QCB said the rate cut followed its “assessment of the current monetary policy of the State of Qatar
