Qatar Central Bank Cuts Key Interest Rates Following Fed's Move

Qatar's central bank has reduced key interest rates by 55 basis points in response to the U.S. Federal Reserve's decision to lower rates by half a percentage point. The lending rate is now 5.70%, the deposit rate 5.20%, and the repo rate 5.45%, according to a central bank statement on social media.

Qatar's central bank cut key interest rates by 55 basis points on Wednesday following the Federal Reserve's move to lower rates by half of a percentage point.

The lending interest rate was cut to 5.70%, the deposit interest rate to 5.20% and the repo rate to 5.45%, a central bank statement posted on social media said.

(With inputs from agencies.)