Doha: Qatar Central Bank (QCB) hiked the QCB Deposit Rate (QCBDR). The apex bank increased the rate by 25 basis points to 5.50%. QCB also decided to raise the QCB Lending Rate (QCBLR) by 25 basis points to 6.00%. It also decided to raise the QCB Repurchase Rate (QCB Repo Rate) by 25 basis points to 5.75%. The new rates will come into force from Thursday, May 4, 2023.
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Earlier the Central Bank of the UAE (CBUAE) hiked the Base Rate. The apex bank has hiked the rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points – from 4.90% to 5.15%. The new rate will come into effect from Thursday, 4 May 2023.
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