卡塔尔股票指数 (QE) 加自选

继美联储最近降息25个基点后，卡塔尔央行于10月宣布将其关键利率下调25个基点。存款利率降至4.1%，贷款利率降至4.6%，回购利率降至4.35%。此举突显出卡塔尔与全球货币政策趋势保持一致，以支持经济稳定。

Qatar’s central bank announced a 25 basis point cut in its key interest rates in October, following the US Federal Reserve’s recent 25bps rate reduction. The deposit rate was lowered to 4.1%, the lending rate to 4.6%, and the repo rate to 4.35%. This move highlights Qatar’s alignment with global monetary policy trends to support economic stability.

2025年9月，卡塔尔的年通货膨胀率从上个月的0.73%加速至1.15%，这是自2024年8月以来的最高通货膨胀率。杂项商品和服务（12.75%）、服装和鞋类（2.93%）、教育（2.47%）、娱乐和文化（1.53%）、食品和饮料（1.42%）以及通信（0.56%）的价格上涨推动了这一加速。相比之下，餐馆和酒店（-1.48%）、交通（-1.12%）、家具和家用设备（-0.35%）、住房和公用事业（-0.23%）以及健康（-0.07%）的价格下跌，而烟草价格保持不变。按月计算，消费者价格指数在上个月上涨0.42%后，上涨了0.90%，为11个月来最高。

The annual inflation rate in Qatar accelerated to 1.15% in September 2025, up from 0.73% in the previous month, marking the highest inflation since August 2024. The acceleration was driven by rises in the prices of miscellaneous goods and services (12.75%), clothing and footwear (2.93%), education (2.47%), recreation and culture (1.53%), food and beverages (1.42%), and communication (0.56%). By contrast, prices fell for restaurants and hotels (-1.48%), transport (-1.12%), furniture and household equipment (-0.35%), housing and utilities (-0.23%), and health (-0.07%), while tobacco prices remained flat. On a monthly basis, consumer prices increased by 0.90%, the most in eleven months, following a 0.42% gain in the previous month.

2025年9月，卡塔尔标准普尔全球采购经理人指数（PMI）降至51.5，低于8月份的51.9，表明非能源私营部门的增长速度放缓。该指数低于2017年以来的长期平均水平（52.2）。增长放缓的原因是新订单减少和供应商交货时间缩短。产量在过去六个月内第四次增长。然而，由于子行业数据显示建筑活动再次下降，增长率适中。就业人数连续第十个月增加，而积压工作的增长速度是当前序列中最慢的。在价格方面，投入成本通胀加速，而产出价格通胀升至四个月高点，商品和服务收费自2024年7月以来首次上涨。最后，商业情绪减弱，但仅略低于调查的长期趋势。

Qatar’s S&P Global Purchasing Managers’ Index (PMI) declined to 51.5 in September 2025, down from August's 51.9, indicating a softer pace of non-energy private sector growth. The index was below the long-run average since 2017 (52.2). The moderation in growth was driven by a decrease in new orders and shorter suppliers' delivery times. Output grew for the fourth time in the past six months. However, the rate of growth was modest, as sub-sector data showed a renewed decline in construction activity. Employment increased for the tenth consecutive month, while backlogs of work rose at the slowest rate in the current sequence. Regarding prices, input cost inflation accelerated, while output price inflation rose to a four-month high, with charges for goods and services increasing for the first time since July 2024. Lastly, business sentiment weakened but remained only slightly below the survey's long-run trend.

2025年第二季度，卡塔尔经济同比增长1.9%，而前一时期增长3.7%。非碳氢化合物活动推动了持续增长，增长了3.4%，占国内生产总值的65.6%，突显了第三个国家发展战略和卡塔尔2030年国家愿景下的多样化。涨幅最大的是农业、林业和渔业（+15.8%）、住宿和餐饮服务（+13.4%）、艺术、娱乐和休闲（+8.9%）、批发和零售贸易（+8.8%）以及建筑业（+8.7%）。总的来说，17个行业中有11个实现了正增长，突显了旅游业、服务业和基础设施投资支持的广泛复原力。当局注意到，国内生产总值计量持续改进，国民账户正在进行修订，以符合国际标准。

Qatar’s economy expanded by 1.9% year-on-year in Q2 2025, following a 3.7% expansion in the previous period. The sustained growth was driven by non-hydrocarbon activities, which rose 3.4% and accounted for 65.6% of GDP, underscoring diversification under the Third National Development Strategy and Qatar National Vision 2030. Strongest gains came from agriculture, forestry and fishing (+15.8%), accommodation and food services (+13.4%), arts, entertainment and recreation (+8.9%), wholesale and retail trade (+8.8%), and construction (+8.7%). In total, 11 of 17 sectors posted positive growth, highlighting broad-based resilience supported by tourism, services, and infrastructure investment. Authorities noted continued improvements in GDP measurement and ongoing revisions to national accounts to align with international standards.