Saudi Central Bank Decides to Raise Rates of Repo and Reverse Repo
Saudi Central Bank Decides to Raise Rates of Repo and Reverse Repo
MoJ has raised the upper limit for the electronic conveyance of property from SR3 million to SR20 million, in cooperation with the Saudi Central Bank.
Key Takeaways
AIThe Saudi Central Bank decided to raise the rate of "repo" agreements by 0.5% (from 1.25% to 1.75%), and the rate of "reverse repo” agreements by 0.5% (from 0.75% to 1.25%), as part of the Bank's efforts to maintain monetary and financial stability.