Saudi Central Bank Raises Rate of Repo and RRP

Riyad June 16 2022: In line with the goal of the Saudi Central Bank to maintain monetary and financial stability, and in light of local and global developments, the Saudi Central Bank decided to raise the rate of “repo” agreements by 0.5% from 1.75 to 2.25%, as well as raising the rate of reverse repurchase agreements (RRP) by 0.5% from 1.25 to 1.75%.