The Saudi Central Bank: Raising the rate of repurchase agreements

The Central Bank of Saudi Arabia decided to raise the rate of the repurchase agreement (repo) by 25 basis points to 5.5%, and to raise the rate of the reverse repo agreement (reverse repo) by 25 basis points to 5%.

This decision comes in light of global monetary developments, and taking into account the objectives of the Central Bank.

Okaz (Riyadh)