Qatar may see an increase in interest rates next year, as the Qatar Central Bank (QCB) is expected to follow the US Federal Reserve in its “gradual tightening cycle” over the coming months, a new report has shown.
Some 4.5mn cheques valued at QR345.6bn were processed in Qatar last year, Qatar Central Bank (QCB) data show.
Commercial Bank has obtained Qatar Central Bank’s approval to introduce finger-vein pattern recognition technology to its ATMs, allowing customers to withdraw cash without the need for a bank card or PIN.
Liquidity issues may force the Qatar Central Bank (QCB) to postpone the deadline for compliance to 100% loan-to-deposit ratio by one year to the end of 2018, according to the Ministry of Development Planning and Statistics (MDPS).
Qatar Central Bank is expected to maintain its policy rate at 4.5% for most of 2016 to support lending amid economic growth slowing down, says a senior economist.
Qatar Central Bank (QCB) has announced that Sunday, March 6 will be an official holiday for all banks and financial institutions under its supervision.
Qatar Central Bank (QCB) has released “2016 version” of coins of five denominations – Dh1, Dh5, Dh10, Dh25 and Dh50.
