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Qatar’s central bank to be flexible with future bond auctions

: Sunday, June 22 - 2014 @ 01:24

Qatar’s central bank has said it will be more flexible in planning future auctions of government bonds, adjusting the timing and characteristics of the issues depending on market conditions and its policy stance, Reuters has reported. The Gulf state launched quarterly government bond sales in March 2013 to expand the central bank’s policy arsenal and help banks manage liquidity. In the last two auctions, however, the central bank has varied the pattern, selling QR4bn of solely conventional bonds last Sunday after offering the same amount of purely Islamic bonds in April. “The type of bonds and the auction volume to be issued in the future would depend on liquidity conditions, as well as the stance of monetary policy at that time,” central bank governor, Sheikh Abdullah bin Saud Al-Thani, said.

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Sunday, June 22- 2014 @ 1:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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