The Saudi Central Bank (SAMA) lifted both the repo rate and its reverse repo rate by 75 basis points to 3% and 2.5%, respectively, on July 22nd 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 3.48 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 September of 2022.
Interest Rate in Saudi Arabia is expected to be 3.75 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 4.50 percent in 2023 and 4.25 percent in 2024, according to our econometric models.