Repo Rate Raised By Saudi Central Bank

Category: Saudi Arabia

Saudi Arabia's Central Bank (SAMA) has increased its repo rate by 0.25 percent from 1.00 to 1.25 percent and the reverse repo rate by 0.25 percent from 0.5 to 0.75 percent.

In an evolving domestic and international monetary environment, adjustments to policy rates support SAMA's objectives of keeping the financial system stable and maintaining monetary stability.