(MENAFN) Qatar's central bank governor sought to cut expectations for rising interest rates after a jump in local bill yields suggested liquidity in the Qatari banking system was beginning to tighten.
Last week, the central bank unexpectedly sold just half of the amount of Treasury bills which it originally planned to sell, as yields at its monthly bill auction jumped from the previous month.
Commercial bankers attributed the smaller sale at least partly to low oil and gas prices, which are beginning to reduce liquidity in banking systems around the region.
"Current conditions in the Qatari banking system and the liquidity ratio set by the central bank for local banks rule out a local interest rate hike if one is decided in the US," Qatar central bank chief said.
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