Saudi Central Bank Raises Rate of Repurchase and Reverse Repurchase Agreements

SPA — The Saudi Central Bank decided Wednesday to raise the rate of the repo agreement by 50 basis points to 5.00 percent, and to raise the rate of the reverse repo agreement by 50 basis points to 4.50 percent.

This decision comes in line with the objectives of the Saudi Central Bank to maintain monetary stability and support for financial stability.