|Unit||% p.a., NSA|
|Adjustments||Not Seasonally Adjusted|
|Data||17 Sep 2021||2.5|
|16 Sep 2021||2.5|
The interest rate framework of the Qatar Central Bank consists of three policy rates: a deposit rate, lending rate and repurchase rate.
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.