{"id":23094,"date":"2011-08-10T14:20:00","date_gmt":"2011-08-10T18:20:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=23e95cb18875e1d376baf8c7dddce518"},"modified":"2011-08-10T14:20:00","modified_gmt":"2011-08-10T18:20:00","slug":"qatar-central-bank-cuts-deposit-rate-25bps-to-0-75","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/10\/qatar-central-bank-cuts-deposit-rate-25bps-to-0-75\/","title":{"rendered":"Qatar Central Bank Cuts Deposit Rate 25bps to 0.75%"},"content":{"rendered":"

The Qatar Central Bank<\/a> reduced its main overnight deposit facility interest rate<\/span> by 25 basis points to 0.75%% from 1.00% in order to boost the non-oil sector and regulate capital flows.  The Bank also reduced the overnight lending facility interest rate <\/span>by 50 basis points to 4.50% from 5.00%,<\/span> and cut the repo rate by 50 basis points to 4.50% from 5.00%.  The Qatari economy is expected to grow at a rate in excess of 15% this year due to increased gas output, high oil prices, and a 19% increase in government spending.
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<\/a> Previously the Qatari central bank reduced its interest rates<\/a> in April this year for similar reasons; dropping the overnight deposit facility rate by 50bps to 1.00%, the overnight lending facility rate by 50bps to 5.00% and the repo rate by 55bps to 5.00%.  Qatar reported annual GDP growth of 22.7% in the March quarter this year, compared to 28.7% in the December quarter last year.  Qatar’s consumer price inflation rate was 1.7% in May, up from 1.5% in April.<\/p>\n

www.CentralBankNews.info<\/a><\/span><\/p>\n

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The Qatar Central Bank reduced its main overnight deposit facility interest rate by 25 basis points to 0.75%% from 1.00% in order to boost the non-oil sector and regulate capital flows.  The Bank also reduced the overnight lend…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23094","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23094"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23094\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}