The Saudi Central Bank raised its repo rate by 50 bps to 5%, following in lockstep with the Federal Reserve’s decision. The Saudi repo rate exceeds the November inflation reading of 3%. Saudi Arabia typically follows the US central bank policy because the Riyal 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 7.00 percent in May of 2000 and a record low of 1.00 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 January of 2023.

Interest Rate in Saudi Arabia is expected to be 5.50 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 4.75 percent in 2024 and 3.00 percent in 2025, according to our econometric models.

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Saudi Arabia Repo Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-21 07:00 PM 3.75% 3% 3.75%
2022-11-02 06:45 PM 4.5% 3.75% 4.5%
2022-12-14 07:00 PM 5% 4.5% 5%


Related Last Previous Unit Reference
Interest Rate 5.00 4.50 percent Dec 2022
Interbank Rate 5.59 4.97 percent Nov 2022
Money Supply M1 1525724.00 1529483.00 SAR Million Nov 2022
Money Supply M0 361480.00 359821.00 SAR Million Nov 2022
Money Supply M2 2161035.00 2133403.00 SAR Million Nov 2022
Money Supply M3 2485575.00 2470690.00 SAR Million Nov 2022
Foreign Exchange Reserves 1770031.00 1740495.00 SAR Million Nov 2022
Banks Balance Sheet 3632234.51 3609823.43 Million SAR Nov 2022
Reverse Repo Rate 4.50 4.50 percent Jan 2023
Loans To Banks 20817.00 30378.00 SAR Million Nov 2022
Central Bank Balance Sheet 1997625.00 1977188.00 Million SAR Nov 2022

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
5.00 4.50 7.00 1.00 1992 - 2022 percent Daily

News Stream
Saudi Arabia Raises Interest Rate by 50 bps
The Saudi Central Bank raised its repo rate by 50 bps to 5%, following in lockstep with the Federal Reserve’s decision. The Saudi repo rate exceeds the November inflation reading of 3%. Saudi Arabia typically follows the US central bank policy because the Riyal is pegged to the dollar.
2022-12-14
Saudi Arabia Raises Interest Rate by 75 bps
The Saudi Central Bank raised both its repo rate by 75 bps to 4.5 percent following in lockstep with the US Federal Reserve’s decision. The Saudi repo rate exceeds the September inflation reading of 3.1%. Saudi Arabia typically follows Fed policy because the Riyal is pegged to the dollar.
2022-11-02
Saudi Central Bank Lifts Repo Rate, Follows Fed
The Saudi Central Bank raised both its repo rate and reverse repo rate by 75 bps to 3.25 percent following in lockstep with the US Federal Reserve’s decision. The Saudi repo rate now exceeds the August inflation reading of 3%. Saudi Arabia typically follows Fed policy because the Riyal is pegged to the dollar.
2022-09-21