Gulf Central Banks Hold Interest Rates

The Qatar Central Bank announced that it would maintain the deposit rate, lending rate, and repurchase rate at 4.60%, 5.10%, and 4.85%, respectively.

This follows the Federal Reserve’s announcement that it would keep the interest rate on reserve balances unchanged at its meeting held today.

The Central Bank of the UAE also announced that it would maintain the interest rate on the overnight deposit facility at 4.4%, while the Central Bank of Bahrain announced that it would keep its overnight interest rate unchanged at 5.00%.