Arábia Saudita Taxa De Juros

The Saudi Central Bank raised its repo rate by 25 bps to 6% in its July 2023 meeting, pushing the borrowing cost to the highest level since 2001, in line with the Federal Reserve’s decision. Saudi Arabia typically follows the US central bank policy because the Riyal is pegged to the dollar. Also, the bank hiked the reverse repo rate by 25 basis points to 5.5 percent.