Qatar Central Bank (QCB) has announced an increase in the interest rates.
QMR Lending (QMRL) rate rose from 4.75% to 5.00%, and QMR Deposit (QMRD) rate rose from 1.00% to 1.25%, effective as of the date hereof.
According to Qatar Central Bank statement, the cash reserve ratio (CRR) was also reduced from 4.75% to 4.50% starting from April 2017.
These amendments come in response to the domestic and international economic data.
