Qatar central bank says raising deposit rate by 25 basis points

Qatar's central bank said on Thursday that it was raising its deposit rate by 25 basis points to 2%.

Davide Barbuscia, Reuters News

June 14, 2018

DUBAI- Qatar's central bank said on Thursday that it was raising its deposit rate by 25 basis points to 2 percent.

It was acting after the U.S. Federal Reserve decided on Wednesday to raise its target range for its benchmark rate by a quarter of a percentage point, to between 1.75 percent and 2 percent.

(Reporting by Davide Barbuscia, editing by Larry King) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))