Qatar Central Bank Lowers Interest Rates

Qatar Central Bank (QCB) released their reduced deposit rate (QCBDR) by 50 bps to 1.00 percent, lending rate (QCBLR) by 100 bps to 2.50 percent, and the QCB repurchase rate (Repo) by 50 bps to 1.00 percent.

Based on evolving macroeconomic developments, QCB said the decision to implement to reduce its deposit rate, lending rate and the repurchase rate was taken.

US Federal Reserve’s announced to cut interest rate by a quarter-point for the second time in less than two weeks, in an emergency step to help support the US economy in due to the repercussions of the coronavirus outbreak.

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