Thursday 16, March 2017 by Georgina Enzer

SAMA raises the reverse repo rate

SAMA (Saudi Arabian Monetary Authority) has decided to raise the reverse repo rate from 75 basis points to 100 basis points with immediate effect, according to a statement on SAMA website.

According to the statement, the repo rate remains unchanged at 200 basis points. This move is in line with recent developments in domestic and international financial markets.

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