Qatar central bank raises deposit rate to 4.5 per cent

Qatar’s central bank said on Wednesday it will increase its interest rates by between 50 and 75 basis points, following the US Federal Reserve’s latest rate hike.

The Central Bank of Qatar increased its deposit and repo rates by 75 basis points to 4.5 per cent and 4.75per cent respectively, and its lending rate by 50 basis points to 5per cent, effective Thursday, it said in a statement.