The Saudi Central Bank Raises its Repo Rate

Saudi Central Bank, has decided to raise its repo rate by 0.25%. New rate is 1.25, up from 1.00%, & reverse rate by 0.25% from 0.5 to 0.75%.

RIYADH — SAMA, the Saudi Central Bank, has decided to raise its repo rate by 0.25 percent. The New rate is 1.25, up from 1.00 percent, and the reverse repo rate by 0.25 percent from 0.5 to 0.75 percent.

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Policy rate adjustments are compatible with SAMA’s objectives of maintaining monetary stability; and supporting the financial sector’s resilience in the evolving domestic and international economic conditions.

#SAMA Releases Decision on Repo and Reverse Repo Rates.https://t.co/5uKky3nzS9 pic.twitter.com/aOOWmaPNj5
— SAMA | البنك المركزي السعودي (@SAMA_GOV) March 16, 2022