Saudi Arabian Monetary Authority cut the Repo rate

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

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