Qatar cen­tral bank act­ing to in­crease liq­uid­ity

The Pak Banker - - COMPANIES/BOSS -

Qatar's cen­tral bank is tak­ing nec­es­sary mon­e­tary pol­icy mea­sures to in­crease liq­uid­ity in the bank­ing sys­tem, cen­tral bank gov­er­nor Sheikh Ab­dul­lah bin Saud al-Thani told a fi­nan­cial in­dus­try con­fer­ence on Mon­day.

Sheikh Ab­dul­lah said the cen­tral bank had stepped up mon­i­tor­ing of liq­uid­ity in the sys­tem and had is­sued cir­cu­lars to im­prove liq­uid­ity.

He did not elab­o­rate on the cir­cu­lars, and de­clined to com­ment af­ter his speech. Liq­uid­ity has tight­ened since mid-2015 as lower oil and gas prices have cut flows of new money into the econ­omy. The three-month Qatar in­ter­bank of­fered rate jumped to 1.46 per­cent in midFe­bru­ary from 1.13 per­cent at the end of last June.

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