The Saudi Central Bank (SAMA) increased both its repo rate and its reverse repo rate by 50 basis points to 1.75% and 1.25%, respectively, on May 4th 2022, tracking the hike in the US Federal Reserve benchmark rate. Saudi Arabia follows the Fed policy because its currency is pegged to the dollar. source: Saudi Arabian Monetary Agency

Interest Rate in Saudi Arabia averaged 3.49 percent from 1992 until 2022, reaching an all time high of 7 percent in May of 2000 and a record low of 1 percent in March of 2020. 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. Saudi Arabia Repo Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

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. In the long-term, the Saudi Arabia Repo Rate is projected to trend around 4.00 percent in 2023 and 4.25 percent in 2024, according to our econometric models.

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Saudi Arabia Repo Rate



Related Last Previous Unit Reference
Interest Rate 1.75 1.25 percent May 2022
Money Supply M1 1584187.00 1563861.00 SAR Million Mar 2022
Money Supply M0 356545.00 358253.00 SAR Million Mar 2022
Interbank Rate 1.96 1.20 percent Mar 2022
Money Supply M2 2088583.00 2052793.00 SAR Million Mar 2022
Money Supply M3 2371991.00 2330282.00 SAR Million Mar 2022
Foreign Exchange Reserves 1692599.00 1655626.00 SAR Million Mar 2022
Banks Balance Sheet 3370359.48 3298940.23 Million SAR Mar 2022
Reverse Repo Rate 1.25 1.25 percent May 2022
Central Bank Balance Sheet 1884999.00 1792666.00 Million SAR Mar 2022
Loans To Banks 23526.00 23693.00 SAR Million May 2021

Saudi Arabia Repo 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).
Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.25 7.00 1.00 1992 - 2022 percent Daily

News Stream
Saudi Arabia Raises Interest Rate by 50bps
The Saudi Central Bank (SAMA) increased both its repo rate and its reverse repo rate by 50 basis points to 1.75% and 1.25%, respectively, on May 4th 2022, tracking the hike in the US Federal Reserve benchmark rate. Saudi Arabia follows the Fed policy because its currency is pegged to the dollar.
2022-05-04
Saudi Arabia Hikes Repo Rate in Line with Fed
The Saudi Central Bank (SAMA) increased both its repo rate and its reverse repo rate by 25 basis points to 1.25% and 0.75%, respectively, on March 16th 2022. The increases tracked the hike in the US Federal Reserve benchmark rate on the same day. The central bank said that the adjustments are consistent with objectives of monetary policy stability and stability of the financial sector amid evolving international monetary conditions.
2022-03-16