Qatar - Lending Rate





Qatar: Lending Rate

Mnemonic IRLEND.IQAT
Unit %, NSA
Adjustments Not Seasonally Adjusted
Quarterly
Data 2019 Q2 5
2019 Q1 5

Series Information

Source Qatar Central Bank
Release QCB interest rates
Frequency Quarterly
Start Date 3/31/2005
End Date 6/30/2019

Qatar: Markets

Reference Last Previous Units Frequency
Lending Rate 2019 Q2 5 5 %, NSA Quarterly
Money Market Rate Jun 2019 2.24 2.16 %, NSA Monthly
Stock Market Index Jan 2012 134.81 133.72 Index Jan2010=100, NSA Monthly

Release Information

The interest rate framework of the Qatar Central Bank consists of three policy rates: a deposit rate, lending rate and repurchase rate. Quarterly from 2005.

Alternative names of the rates

  • QCB deposit rate, QMR O/N deposit, QCBDR
  • QCB lending rate, QMR O/N lending, QCBLR
  • QCB repurchase rate, repo rate, QCB Repo, QCBRR

Detail

The QCBDR and QCBLR are overnight rates on transactions between the QCB and local banks through the Qatar Money Market Rate Standing Facility (QMR).

The QCBLR is the key rate used by QCB to signal the markets about its monetary policy stance.

QCB Repo operations are conducted in domestic government securities.

Given the fixed parity between the Qatari riyal and the US dollar (USD), QCB short-term interest rates policies have had to be subordinated to the fixed exchange rate policy. As such QCB overnight interest rates are closely related to its counterpart on the USD, the Fed Funds Rate—usually with positive margin.

The announced policy rates are not revised.

Further reading

At the source: