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FINANCIAL NEWS
Qatar’s CB to maintain interest rates low
05 Sep 2012
(MENAFN) The Qatar Central Bank stated that it will maintain interest rates low in order to shore up lending to the real economy, reported Khaleej Times.
The bank said that its main priority at the current time is to keep soft interest rates through proactive liquidity management, adding that global liquidity conditions might still be affected by Europe’s sovereign debt crisis which could affect investments and project funding in the Gulf country.
In last year’s April and August, the bank lowered its overnight deposit rate by a combined 75 basis points to a current level of 0.75 percent to dissuade banks from accumulating money at its accounts.
It is worth noting that the Qatari central bank issued a USD14 billion bond directly to local banks in January 2011, and in May and August, it launched monthly auctions of 91-, 182- and 273-day Treasury bills, also to sap excess money.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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