Qatar lowers deposit rate
Qatar: Saturday, May 03 - 2008 at 09:39
Qatar Central Bank has lowered its deposit facility rate by 25 basis points but left its benchmark lending rate unchanged, after the US announced further rate cut, reported Reuters. The deposit rate is down to 2% from 2.25% while the benchmark lending facility rate remains at 5.5%.
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Medilyn Manibo, Assistant News EditorSaturday, May 03 - 2008 at 09:39 UAE local time (GMT+4)
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