Saudi c. bank cuts key interest rates

FeaturedBanksFinancial Institutions
By Aya Anwar

Saudi Arabia’s Central Bank (SAMA) reduced its Repurchase Agreement (Repo) rate by 25 basis points to 5.00 per cent and the Reverse Repo rate by 25 basis points to 4.50 per cent. The move aligns with the bank’s mandate to maintain monetary stability amid global economic developments.

Attribution: SAMA

Subediting: M. S. Salama

Leave a comment