June 14, 2018 / 10:14 AM / 3 months ago

Qatar central bank says raising deposit rate by 25 basis points

DUBAI, June 14 (Reuters) - Qatar’s central bank said on Thursday that it was raising its deposit rate by 25 basis points to 2 percent.

It was acting after the U.S. Federal Reserve decided on Wednesday to raise its target range for its benchmark rate by a quarter of a percentage point, to between 1.75 percent and 2 percent. (Reporting by Davide Barbuscia, editing by Larry King)

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