Qatar - Lending Rate
Qatar: Lending Rate
| Mnemonic | IRLEND.IQAT | |
|---|---|---|
| Unit | % p.a., NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Daily | ||
| Data | 24 Mar 2023 | 5.75 |
| 23 Mar 2023 | 5.75 | |
Series Information
| Source | Qatar Central Bank |
| Release | Central bank policy rates |
| Frequency | Daily |
| Start Date | 8/10/2011 |
| End Date | 3/24/2023 |
Qatar: Markets
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Stock Market Index | Mar 2023 | 156.61 | 155.24 | Index Jan2010=100, NSA | Monthly |
| Lending Rate | 24 Mar 2023 | 5.75 | 5.75 | % p.a., NSA | Daily |
| Money Market Rate | Jan 2023 | 4.97 | 4.68 | % p.a., 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.
- Measurement: Percent per annum (% p.a.)
- Adjustment: Not seasonally adjusted (NSA)
- Native frequencies and start dates:
- Daily from 10 August 2011
- Monthly from 2007m1
- Quarterly - 2005Q1 to 2021Q1
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.
