Qatar Central Bank to raise interest rates – Malayalam Vartha | Malayalam Breaking News | Latest Gulf News | Qatar News | Kerala news

Doha: Qatar Central Bank to raise interest rates. Effective Thursday, September 22, the Reserve Bank of India (QCBDR) will raise its deposit rate (QCBDR) by 75 basis points (bps) or 3.75%.

According to a tweet from QCB, the QCB Lending Rate (QCBLR) will also be raised by 75 basis points (bps) to 4.50%. Meanwhile the QCB Repurchase Rate (QCB Repo Rate) will be 75 basis points (bps). The increase is 4%.

The QCB explained that the Financial Policy Committee’s decision takes into account the domestic and international macroeconomic developments that are developing.

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