The lending interest rate was cut to 5.70%
PHOTO
Qatar's central bank cut key interest rates by 55 basis points on Wednesday following the Federal Reserve's move to lower rates by half of a percentage point.
The lending interest rate was cut to 5.70%, the deposit interest rate to 5.20% and the repo rate to 5.45%, a central bank statement posted on social media said.
(Reporting by Yomna Ehab, Jaidaa Taha and Rachna Uppal; editing by Diane Craft)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
