The Central Bank of Qatar raised its deposit rate by 25 bps to 2.25 percent on September 27th 2018, following the Fed's decision to hike the funds rate by 25 bps. The lending rate was kept unchanged at 5 percent. Deposit Interest Rate in Qatar averaged 1.89 percent from 2002 until 2018, reaching an all time high of 5.15 percent in May of 2006 and a record low of 0.75 percent in August of 2011.
Deposit Interest Rate in Qatar is expected to be 2.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Qatar to stand at 3.25 in 12 months time. In the long-term, the Qatar Deposit Interest Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.