SAMA raises repo, reverse repo rates by 25 basis points
The Saudi Central Bank (SAMA) has decided to raise the rate of repurchase agreement (repo) by 25 basis points to 5.50%, and the rate of reverse repurchase agreement (reverse repo) by 25 basis points to 5.00%.
SAMA's decision comes within the framework of global financial developments.
The US Federal has raised interest rates by 0.25% (0.25 percentage points) for the 9th time in a row, bringing it to a range of 4.75%-5%.
The US Federal Reserve expects a continuous increase in the interest rates would curb inflation. While scaling down its forecast for the US economic growth, it does not expect the economy to contract.
The US Federal has raised interest rates by 0.25% (0.25 percentage points) for the 9th time in a row, bringing it to a range of 4.75%-5%.
The US Federal Reserve expects a continuous increase in the interest rates would curb inflation. While scaling down its forecast for the US economic growth, it does not expect the economy to contract.
