Saudi Arabia Central Bank Increases Rates By 25 Basis Points

Riyadh March 23 2023: The Saudi Central Bank has decided to raise the rate of Repurchase Agreement (Repo) by 25 basis points to 5.50 percent, and the rate of Reverse Repurchase Agreement (Reverse Repo) by 25 basis points to 5.00 percent.

This decision reflects global monetary developments and the Central Bank’s objectives.