DOHA: Qatar Central Bank (QCB) announced today, February 1, 2023, that it is maintaining the current interest rates related to deposit interest rate, lending interest rate, and repo rate.
QCB in a statement on its official social media handles said:
“Qatar Central Bank has assessed the current monetary requirements of the State of Qatar and has decided to continue with the current interest rates for QCB Deposit Rate, QCB Lending Rate, and QCB Repo Rate.”
The statement added that QCB aims to maintain the current interest rates at an appropriate level to support the country’s sustainable economic growth.
QCB further stated that it will continue to assess the appropriate monetary policy, taking into account all the aspects which may affect financial stability, and will review its monetary policy as and when appropriate to address changes in economic requirements.
QCB has decided to maintain the current interest rates as follows:
• QCB deposit interest rate (QCBDR) at its current level of 5 percent
• QCB lending interest rate (QCBLR) at its current level of 5.50 percent
• QCB Repo rate (QCBRR) at its current level of 5.25 percent