Doha: Deposit rates at opening, as issued on Monday by Qatar National Bank (QNB), reveal varying interest rates across several major currencies, including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. These rates are significant for investors and financial analysts monitoring currency and deposit trends within the region.
According to Qatar News Agency, the deposit rates for USD are set at 4.03217 for one month, decreasing slightly to 3.96836 for two months, and continuing to decline to 3.90454 for three months. The rates further decrease to 3.77732 for six months and 3.59429 for twelve months. For JPY, the rates start at 0.35000 for one month and adjust slightly across other terms, peaking at 0.80000 for twelve months.
For the GBP, the one-month deposit rate is 3.92000, increasing to 4.13000 for three months before slightly decreasing to 4.07000 for twelve months. In contrast, the CHF presents negative rates, with the one-month rate at -0.18000 and improving slightly to -0.01000 at twelve months.
In terms of local currencies, QAR has a one-month deposit rate of 4.60000, gradually decreasing to 4.02500 over a twelve-month period. SAR maintains a steady one-month and six-month rate of 5.00000, slightly reducing to 4.95000 for twelve months. AED shows an increasing trend from 2.05000 for one month to 3.15000 for twelve months, whereas BHD starts at 5.03000 for one month and stabilizes to 4.52000 at twelve months.
These deposit rates reflect the current economic conditions and monetary policies affecting both local and international financial markets.