Qatar Central Bank (QCB) decided to reduce the current interest rates for deposits, lending and repo by 0.30% or 30 basis points (bps) Wednesday night.

The new rates will take effect on Sunday, December 22, QCB noted.

Qatar Central Bank’s deposit rate (QCBDR) will now be 4.60%, lending rate (QCBLR) 5.10% and repo rate (QCBRR) 4.85%.

In a message on X, QCB said the rate cut followed its “assessment of the current monetary policy of the State of Qatar.

Meanwhile, the United States Central Bank - Federal Reserve announced a quarter-point cut to its key interest rate last night, an effort to keep stable what appears to be a steady but cooling economy.

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