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Qatar M2 Money Supply 3.4% y-o-y in Oct-23

- Qatar's M2 Money Supply experienced its highest year-on-year growth since June 2023, reaching 3.4% in October 2023.
- The Credit Growth in Qatar saw an increase of 5.6% year-on-year in the same period.

Oil: Lower For Longer?

• Although Opec+ will almost certainly extend existing cuts at its 26 November meeting and might agree to modest additional trimming, growth in non-Opec+ production is currently on track to see global output outpacing demand through 2024.

By Alastair Newton

Qatar CPI Inflation 1.08% m-o-m in Oct-23

- Qatar's CPI inflation experienced a substantial increase of 1.08% m-o-m in October 2023, the highest growth since December 2022.
- The current inflation rate is significantly higher than both the one-year and long-run averages, highlighting the extraordinary inflationary pressures faced by Qatar this month.

Qatar M2 Money Supply 2.1% y-o-y (consensus 1.0%) in Sep-23

- Qatar's M2 Money Supply recorded a year-on-year growth rate of 2.1% in September 2023, the highest since June 2023.
- Credit Growth in Qatar experienced a year-on-year increase of 4.5% in September 2023, indicating positive lending activity and financial system liquidity.