The central bank of Qatar kept its lending rate at 5.5% in January 2023, even after the US hiked the fed funds rate by 25 bps. The bank also kept its deposit, and repo rates at 5% and 5.25%, respectively. source: Qatar Central Bank

Interest Rate in Qatar averaged 4.51 percent from 2004 until 2023, reaching an all time high of 5.85 percent in May of 2006 and a record low of 1.53 percent in March of 2004. This page provides the latest reported value for - Qatar Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Qatar Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Interest Rate in Qatar is expected to be 6.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Qatar Interest Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-03-17 07:00 AM 2.5% 2.5% 2.75%
2022-06-15 06:40 PM 3.25% 2.75%
2022-07-27 06:25 PM 3.75% 3.25%

Related Last Previous Unit Reference
Interest Rate 5.50 5.50 percent Feb 2023
Money Supply M1 161934.00 158001.00 QAR Million Nov 2022
Money Supply M0 104379.50 106770.80 QAR Million Nov 2022
Money Supply M2 704214.00 697692.00 QAR Million Nov 2022
Banks Balance Sheet 1844636.10 1828565.30 QAR Million Nov 2022
Foreign Exchange Reserves 223985.70 217958.70 QAR Million Nov 2022
Deposit Interest Rate 5.00 5.00 percent Feb 2023
Reverse Repo Rate 5.25 5.25 percent Feb 2023
Loan Growth 4.50 1.50 percent Dec 2022
Central Bank Balance Sheet 286845.90 281280.40 QAR Million Nov 2022

Qatar Interest Rate
In Qatar, interest rates decisions are taken by The Qatar Central Bank. The official interest rate is the QMR Lending.
Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.50 5.85 1.53 2004 - 2023 percent Daily

News Stream
Qatar Raises Rates After Fed
The central bank of Qatar increased its lending rate by 50 bps to 3.75% on July 27th, 2022, tracking a hike in the fed’s fund rate. The bank also raised its main deposit rate and repo rate by 75 bps to 3% and 3.25% respectively. Bahrain usually follows the Fed's lead on interest rates as it maintains riyal pegged to the dollar.
Qatar Lifts Policy Rates after Fed Hike
The Qatar Central Bank raised its benchmark interest rate by 50bps to 3.25% percent on June 15th 2022, after the Federal Reserve hiked its funds rate by 75bps in an attempt to bring inflation back to its 2% target level. Both the deposit interest rate and the repurchase repo rate were raised by 75bps to 2.25% and 2.50%, respectively.