DOHA: Qatar Central Bank (QCB) yesterday announced a 25 base points increase on the QCB Deposit Rate (QCBDR), as of today to be 2 percent, on basis of local and international economic data.
QCB’s decision to raise QCBDR comes in line with the US Federal Reserve’s decision, announced yesterday, raising the key interest rate by 25 basis points, amid expectations that the Federal Reserve will raise interest rates two more times this year.
The Qatari riyal is pegged to the US dollar at a fixed exchange rate since 1980, QNA reported.
