QCB Governor Expresses Satisfaction at Current Levels of Interest Rates
Doha, September 18 (QNA) – The Governor of Qatar Central Bank (QCB) on Tuesday expressed complete satisfaction at the current levels of the interest rates. HE QCB Governor Sheikh Abdullah bin Saud Al Thani said in press remarks that the interest rates are expected to change between 2 to 3 per cent this year.
In his remarks he gave on the sidelines of 2012 Capital Markets Conference which opened Ritz Carlton-Doha Hotel, under the patronage of HE the prime minister and foreign minister sheikh hamad bin jassim bin jabor al thani, HE the QCB’s governor said the including of treasury bills on the Qatar Exchange has achieved tangible success, pointing out that with the launch of media campaigns to identify those bills and the reaction of the investors towards such a kind of market, there there will be a big demand to buy these bills.
He pointed out that the legislative system in Qatar and the listing rules have been completed amid efforts to allow the inclusion of good financing instruments into the Qatari market.
Speaking to reporters earlier today while replying a question , HE QCB Governor Sheikh Abdullah bin Saud Al Thani said, “Qatar’s Central Bank is very comfortable with current interest rates and is not concerned about hot money inflows.” (QNA)