CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Qatar Central Bank raises QMR deposit rate

Published: 15 Jun 2017 - 01:56 pm | Last Updated: 10 Nov 2021 - 05:35 am
Peninsula

QNA

Doha: Qatar Central Bank has decided to raise its QMR Deposit rate (QMRD) on Thursday June 15, 2017 by 25 basis points from 1.25% to 1.50%.

At the same time, it has also decided to maintain the QMR Lending rate (QMRL) and REPO rates unchanged, according to a press release published today. 

The QMR is a monetary instrument through which local member banks are allowed to deposit with; and borrow from QCB; overnight funds with a pre-specified initial interest rates and bank-by-bank ceiling.