The Saudi Arabian Monetary Agency cuts its repo rate by 25 bps to 2.25 percent during its October 2019 meeting, after US policymakers cut its target range by the same margin. Policy Rate adjustments are consistent with SAMA's objective of maintaining monetary stability. Saudi Arabia Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Interest Rate in Saudi Arabia averaged 3.66 percent from 1992 until 2019, reaching an all time high of 7 percent in May of 2000 and a record low of 1.50 percent in March of 2004. This page provides the latest reported value for - Saudi Arabia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Saudi Arabian Monetary Agency

Interest Rate in Saudi Arabia is expected to be 2.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Saudi Arabia to stand at 2.25 in 12 months time. In the long-term, the Saudi Arabia Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Saudi Arabia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.25 2.25 7.00 1.50 1992 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 08:00 PM 3.0% 2.75% 3%
2019-07-31 06:50 PM 2.75% 3% 2.75%
2019-09-18 08:00 PM 2.50% 2.75% 2.5%
2019-10-30 07:00 PM 2.25% 2.50% 2.25%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Saudi Arabia Trims Rate to 2.25%
The Saudi Arabian Monetary Agency cuts its repo rate by 25bps to 2.25 percent during its October meeting, after US policymakers cut its target range by the same margin. Policy Rate adjustments are consistent with SAMA's objective of maintaining monetary stability.
2019-10-30
Saudi Arabia Trims Rate to 2.50%
The Saudi Arabian Monetary Agency slashed its repo rate by 25bps to 2.5 percent during its September meeting, after US policymakers cut its target range by the same margin but remained split on whether to further ease monetary policy.
2019-09-18
Saudi Arabia Cuts Repo Rate
The Saudi Arabian Monetary Agency cut its repo rate by 25bps to 2.75 percent during its July meeting, after the US Federal Reserve raised its target range by the same margin aiming to support growth.
2019-07-31

Saudi Arabia Interest Rate
In Saudi Arabia the interest rates decisions are taken by the Saudi Arabian Monetary Agency (SAMA). Central bank official interest rate is the Official Repo Rate (ORR).