The Saudi Arabian Monetary Agency announced on June 1st it would provide SAR 50 billion or USD 13.3 billion to support liquidity in the banking sector, as the economy suffers from low oil prices and disruptions in activity caused by the coronavirus pandemic. The central bank also noted that "the banking sector is still recording good performance indicators, which enhances its ability to face challenges and crises". In March, the SAMA had slashed its repo rate by 75bps to 1 percent, aiming to protect the economy from the negative impact of the Covid-19. source: Saudi Arabian Monetary Agency

Interest Rate in Saudi Arabia averaged 3.54 percent from 1992 until 2021, 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 Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Interest Rate in Saudi Arabia is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Interest Rate is projected to trend around 1.50 percent in 2022 and 1.75 percent in 2023, according to our econometric models.

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Saudi Arabia Interest Rate

Calendar GMT Actual Previous Consensus TEForecast
2019-09-18 08:00 PM 2.50% 2.75% 2.5%
2019-10-30 07:00 PM 2.25% 2.50% 2.25%
2020-03-03 05:50 PM 1.75% 2.25%
2020-03-16 11:30 AM 1% 1.75%

Saudi Arabia Last Unit Reference Previous Highest Lowest
Interest Rate 1.00 percent Sep/21 1.00 7.00 1.00
Money Supply M1 1518345.00 SAR Million Aug/21 1527714.00 1541989.00 121503.00
Money Supply M0 359837.00 SAR Million Aug/21 370488.00 370488.00 54862.00
Interbank Rate 0.80 percent Aug/21 0.79 5.24 0.60
Money Supply M2 1979722.00 SAR Million Aug/21 1978588.00 1987184.00 169395.00
Money Supply M3 2239325.00 SAR Million Aug/21 2250592.00 2250592.00 228264.00
Banks Balance Sheet 3116642.50 Million SAR Aug/21 3118744.77 3118744.77 300694.53
Foreign Exchange Reserves 1705436.00 SAR Million Aug/21 1655707.00 2796941.00 1569145.00
Reverse Repo Rate 0.50 percent Oct/21 0.50 6.75 0.25
Central Bank Balance Sheet 1872460.00 Million SAR Aug/21 1848928.00 2838408.00 186460.00
Loans To Banks 23526.00 SAR Million May/21 23693.00 73869.00 8057.00

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).