Saudi Arabian Monetary Authority cut the Repo rate

Saudi Arabian Monetary Authority cut the Repo rate
Saudi Arabian Monetary Authority cut the Repo rate

The Saudi Arabian Monetary Authority (SAMA) has decided to cut the Repo rate by 75 basis points from 1.75% to 1.00 % and the Reverse Repo rate by 75 basis points from 1.25% to 0.50%.

Thereduction in repo rates is for preserving monetary stability given evolvingglobal developments.

Related Stories

No stories found.
Ajel
english.ajel.sa