Arab News Headlines

Saudi Central Bank Hikes Rates 25 Basis Points

The Saudi Central Bank said today that it is hiking interest rates 25 basis points.

The central bank said in a statement today that it is increasing the repo rate 25 basis points to 5.75 percent, and reverse repo by the same amount to 5.25 percent. The statement added that the decision was made in line with the central bank’s mandate of maintaining monetary stability.

Source: Qatar News Agency