Qatar raises interest rates
Qatar's central bank declared it had raised interest rates by 25 basis points in line with this week's rate increase by the US Federal Reserve. According to Reuters, repo rates at present amounts to 5.35 per cent while lending rates were higher at 4.75 per cent. Deposit rates hit 4.65 per cent.
This latest move was widely projected as the Qatari riyal is pegged to the US dollar.