Gulf central banks raise interest rates following Fed hike

Qatar's central bank increased its key interest rates after originally announcing it would hold rates steady.
Saudi Arabia's central bank raised its key repo rate and reverse repo rate by 25 basis points each.
The rate increases in Qatar and Saudi Arabia follow the U.S. Federal Reserve's decision to raise interest rates.
Qatar's central bank raised its deposit rate to 5.50%, lending rate to 6% and repo rate to 5.75%.
Saudi Arabia's currency is pegged to the U.S. dollar, prompting its central bank to raise rates in line with the Fed.