The Qatar Central Bank slashed its benchmark interest rate by 100bps to 2.5 percent on March 16th 2020, following the US Federal Reserve’s rate cut by the same margin. Both the deposit interest rate and the repurchase repo rate were cut by 50bps to 1 percent.
Interest Rate in Qatar averaged 4.74 percent from 2004 until 2020, 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 - values, historical data and charts - was last updated on August of 2020.
Interest Rate in Qatar is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Qatar to stand at 2.50 in 12 months time. In the long-term, the Qatar Interest Rate is projected to trend around 2.50 percent in 2021, according to our econometric models.