Saudi Central Bank Releases Decision on Repo and Reverse Repo Rates

The Saudi Central Bank (SAMA) has decided to raise 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.
Policy rate adjustments are consistent with SAMA's objectives of maintaining monetary stability and supporting the stability of the financial sector in the evolving domestic and international monetary conditions.