The Qatar Central Bank held its three benchmark interest rates unchanged at its January 2026 meeting, keeping the Qatar Central Bank Deposit Rate at 3.85%, the Lending Rate at 4.35%, and the Repo Rate at 4.10%. The decision, announced on 28 January, came in the immediate wake of the United States Federal Reserve opting to hold its own policy rate steady.
Qatar maintains a fixed exchange-rate arrangement that ties the riyal to the US dollar.
DECEMBER 2025 CUT
The January decision follows a rate cut that the QCB delivered in December 2025, when the bank reduced its rates in lockstep with the Federal Reserve's 25-basis-point reduction.