The central bank of Qatar has announced that it will increase its key interest rates by 25 basis points, in a move aimed at supporting economic growth and financial stability. The decision was taken after a meeting of the bank’s monetary policy committee, which assessed the current state of the economy and the outlook for inflation and other key indicators.

Under the new policy, the central bank’s deposit rate will increase to 1.50%, its lending rate to 4.50%, and its repo rate to 2.50%. The move is expected to have a moderate impact on borrowing costs for both individuals and businesses, and to help to support the country’s banking sector.

The central bank’s decision to raise interest rates reflects its commitment to maintaining financial stability and promoting sustainable economic growth, despite the challenges posed by the global economic environment. The bank noted that inflation has remained relatively stable in recent months, and that the economy is expected to continue to perform well in the coming year.

The decision was welcomed by market analysts, who noted that it demonstrated the central bank’s proactive approach to monetary policy, and its willingness to take action to support the economy when needed. They also noted that the move could have implications for other central banks in the region, and could signal a broader shift towards tighter monetary policy in the Gulf Cooperation Council (GCC) countries.

Overall, the central bank’s decision to raise key interest rates by 25 basis points is a positive development for Qatar’s economy, as it demonstrates the country’s commitment to maintaining financial stability and supporting sustainable growth in the face of global economic challenges. The move is expected to have a moderate impact on borrowing costs, and to help to support the country’s banking sector in the coming year.