Qatar Central Bank Cuts Interest Rate by 30 Basis Points

Forex - The Qatar Central Bank (QCB) has reduced the policy interest rate by 30 basis points. According to a statement from the QCB, the benchmark repo rate has been lowered from 5.15% to 4.85%. The QCB has also decreased the lending interest rate from 5.40% to 5.10%, and the deposit interest rate from 4.90% to 4.60%. The decision of the Qatar Central Bank follows a 25 basis point reduction by the U.S. Federal Reserve (Fed).