NO. 38


Financial and Banking News

Regional Finance

Central Bank Of Qatar Cuts Base Rate To 6%

The Central Bank of Qatar has announced that effective 17 June its base ratefor deposits and credit facilities will be cut to 6% from 6.35%. Commercialbanks have also been advised that they can offer depositors 0.5% above or belowthe base rate. For loans and overdrafts, the Central Bank will allow commercialbanks to charge up to 4% above the base rate. The reduction in the base...