Qatar Central Bank Hikes Interest Rates

Doha, November 02 (QNA) - Qatar Central Bank (QCB) raised the QCB deposit rate 75 basis points to 4.5 percent. QCB also raised the lending rate 50 basis points to 5 percent, and the repo rate 75 basis point to 4.75 percent. QCB said in a statement that the hike came following regional and international economic developments and will go into effect starting Thursday. (QNA)