SAMA raises reverse repo rate

Riyadh, Rabi’I 05, 1437, December 16, 2015, SPA — SAMA has decided to raise the reverse repo rate from 25 basis points to 50 basis points with immediate effect.

The repo rate remains unchanged at 200 basis points.

This decision was made in line with domestic and international financial market conditions.

22:28 LOCAL TIME 19:28 GMT