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QNB expects interest rates to remain low

Qatar National Bank (QNB) has said interest rates in the country are likely to remain low as the country’s policy rates tend to track those in the US owing to the pegged exchange rate, Gulf Times has reported. “Any increase in short-term interest rates in the eurozone or the US is still some way off,” said QNB in a report. “The risk of deflation and weak economies in the US and euro zone, present a strong case for the Fed and ECB to loosen or refrain from tightening monetary policy,” the lender said.