October 31, 2019 / 7:54 AM / 18 days ago

Qatar central bank cuts key rates by 25 basis points

DUBAI, Oct 31 (Reuters) - Qatar’s central bank said on Thursday it was cutting its key interest rates by 25 basis points, following a decision by the U.S. Federal Reserve to cut borrowing costs for the third time this year.

The Gulf Arab state central bank cut the lending rate to 4.25%, the repo rate to 2% and the deposit rate to 2%. (Reporting by Sylvia Westall and Maha El Dahan; editing by John Stonestreet)

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