The Qatar Central Bank (QCB) announced on Wednesday that it had raised the QCB deposit rate (QCBDR) by 25 basis points, to 5.75%.

قرار لجنة السياسة النقدية الخاص بأدوات السياسة النقدية - يوليو 2023. #مصرف_قطر_المركزي pic.twitter.com/hoQnponLHu

— مصرف قطر المركزي (@QCBQATAR) July 26, 2023

The QCB added it had also raised the bank’s lending interest rate (QCBLR) by 25 basis points, to become 6.25%. The bank also decided to raise the repurchase rate (QCB Repo Rate) by 25 basis points, to become 6%.

The bank said the decision to raise interest rates would come into effect from Thursday.

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