|01 August, 2019

Qatar central bank cuts lending rate by 25 bps

It said it took the decision "taking into account the evolving domestic and international macroeconomic developments."

A view of Qatar Central Bank.

A view of Qatar Central Bank.

REUTERS/Mohamad Dabbouss

DUBAI - Qatar's central bank said on Thursday it cut its lending rate by 25 basis points to 4.75%.

It said it took the decision "taking into account the evolving domestic and international macroeconomic developments."

The move follows the U.S. Federal Reserve's decision on Wednesday to cut interest rates for the first time in over a decade.

(Reporting by Davide Barbuscia; Editing by Hugh Lawson) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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