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وكالة الأنباء القطرية
Qatar National Bank Predicts Less Eurozone Rate Hikes
Qatar National Bank expects the need for further interest rate hikes in the Eurozone to decline, following the decision in June to raise rates by 25 basis points. This outlook is based on the reduced risk of energy price shock transmission to inflation and improved economic forecasts. Despite the escalation between the United States and Iran, which led to a rise in oil and gas prices, data shows a limited impact of these increases on inflation. Moreover, economic activity growth has slowed, and there are few indicators calling for tightening monetary policy. Accordingly, the interest rate on deposits is likely to remain at its current level until the end of the year, as policymakers continue to assess data before making new decisions.
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