Qatar Central Bank Cut Rates After Fed

The Qatar Central Bank reduced its lending interest rate by 55 basis points in September 2024, bringing it to 5.70 percent, following a half-percentage-point rate cut delivered by the Federal Reserve.

The Bank also lowered both the deposit interest rate and the repo rate by 55bps to 5.20% and 5.45%, respectively.

Qatar typically aligns its monetary policy with the Fed due to its currency peg to the US dollar.