Doha: Qatar’s central bank is taking necessary monetary policy measures to increase liquidity in the banking system, central bank governor Shaikh Abdullah Bin Saud Al Thani told a financial industry conference on Monday.
Shaikh 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 per cent in mid-February, from 1.13 per cent at the end of last June.
