Monetary Policy Goals
The Monetary Policy Division at the Department of Researches & Monetary Policies constantly reviews the QR interest rates in view of developments in international interest rates, in particular, the US Federal Funds Rate and reports to the Director of the Department of Researches & Monetary Policies . Based on the report, the Director of the Department of Researches & Monetary Policies may choose to call upon the MPC to meet and discuss possible changes in the QCB’s monetary policy stance with the aim of maintaining stability in the local USD exchange market at fixed parity. The QR/USD interest rates differential is a major policy tool at the disposal of the MPC. Decisions taken by the MPC are announced to commercial banks operating in Qatar electronically and to non-bank public via local media.