Saudi Arabia and the United Arab Emirates raised interest rates on Wednesday following the US, while Qatar abstained from taking such step.
The US Federal Reserve earlier on Wednesday decided to raise its key policy rate by 0.25%, citing efforts to bring down inflation.
The Saudi Central Bank, the Central Bank of the UAE, the Central Bank of Oman and the Central Bank of Bahrain subsequently announced they would raise their rates by the same percentage, according to separate press releases from the banks.
The Qatar Central Bank, on the other hand, said in a press release Wednesday that it would keep its rates unchanged.