Qatar central bank cuts key rates by 25 basis points

The Gulf Arab state central bank cut the lending rate to 4.25%, the repo rate to 2% and the deposit rate to 2%.

  
A view of Qatar Central Bank.

A view of Qatar Central Bank.

REUTERS/Mohamad Dabbouss

DUBAI - Qatar's central bank said on Thursday it was cutting its key interest rates by 25 basis points, following a decision by the U.S. Federal Reserve to cut borrowing costs for the third time this year.

The Gulf Arab state central bank cut the lending rate to 4.25%, the repo rate to 2% and the deposit rate to 2%.

(Reporting by Sylvia Westall and Maha El Dahan; editing by John Stonestreet) ((asma.alsharif@thomsonreuters.com; +20225783290; Reuters Messaging: asma.alsharif.reuters.com@reuters.net))

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