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  • SAUDI ARABIA BREAKING NEWS

Qatar's Central Bank Raises Deposit Rate By 75 Basis Points To 3%





PARIS, France - The Central Bank of Qatar said on Wednesday it raised its main deposit rate by 75 basis points (bps) to 3%. moving in tandem with the U.S. Federal Reserve's hike as the riyal is pegged to the dollar.


CBQ also raised its repo rate by 75 bps to 3.25% and lifted its lending rate by 50 bps to 3.75, it said in a statement.

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