(Corrects to show Qatar central bank did increase rates, not
held rates steady as the bank originally stated)
CAIRO, May 3 (Reuters) - Qatar's central bank said it
increased its deposit, lending and repo rates by 25 basis points
effective May 4, a statement said on Wednesday.
The bank raised the deposit rate to 5.50%, the lending rate
to 6% and the repo rate to 5.75%, the statement added.
An initial statement that said the bank would leave the
above rates unchanged was no longer available on the website and
was replaced by a new one.
(Reporting by Alaa Swilam
Editing by Chris Reese)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.