The Saudi Central Bank raised its repo rate by 25 bps to 5.75% in its May 2023 meeting, following in lockstep with the Federal Reserve’s decision. Saudi Arabia typically follows the US central bank policy because the Riyal is pegged to the dollar. Also, the bank hiked the reverse repo rate by 25 basis points to 5.25 percent. source: Saudi Arabian Monetary Agency

Interest Rate in Saudi Arabia averaged 3.51 percent from 1992 until 2023, 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 June of 2023.

Interest Rate in Saudi Arabia is expected to be 5.75 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 4.75 percent in 2024 and 3.75 percent in 2025, according to our econometric models.

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Saudi Arabia Repo Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-01 08:05 PM 5.25% 5% 5.25%
2023-03-22 06:35 PM 5.5% 5.25% 5.5%
2023-05-03 06:45 PM 5.75% 5.5% 5.75%
2023-06-14 07:00 PM 5.75% 5.75%
2023-07-26 07:00 PM 5.75%
2023-09-20 07:00 PM 5.75%


Related Last Previous Unit Reference
Interest Rate 5.75 5.50 percent May 2023
Interbank Rate 5.73 5.58 percent Apr 2023
Money Supply M1 1551986.00 1561945.00 SAR Million Apr 2023
Money Supply M0 381456.00 375592.00 SAR Million Apr 2023
Money Supply M2 2258623.00 2260381.00 SAR Million Apr 2023
Money Supply M3 2622857.00 2608319.00 SAR Million Apr 2023
Banks Balance Sheet 3754962.80 3746893.37 Million SAR Apr 2023
Foreign Exchange Reserves 1612069.00 1645046.00 SAR Million Apr 2023
Reverse Repo Rate 5.25 5.25 percent Jun 2023
Central Bank Balance Sheet 1822753.00 1851611.00 Million SAR Apr 2023
Loans To Banks 32153.00 27521.00 SAR Million Jan 2023

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
5.75 5.50 7.00 1.00 1992 - 2023 percent Daily

News Stream
Saudi Arabia Raises Interest Rate by 25 bps After Fed
The Saudi Central Bank raised its repo rate by 25 bps to 5.75% in its May 2023 meeting, following in lockstep with the Federal Reserve’s decision. Saudi Arabia typically follows the US central bank policy because the Riyal is pegged to the dollar. Also, the bank hiked the reverse repo rate by 25 basis points to 5.25 percent.
2023-05-03
Saudi Arabia Tightens After Fed
The Saudi Central Bank raised its repo rate by 25 bps to 5.5%, following in lockstep with the Federal Reserve’s decision. Saudi Arabia typically follows the US central bank policy because the Riyal is pegged to the dollar.
2023-03-22
Saudi Arabia Raises Interest Rate by 25 bps
The Saudi Central Bank raised its repo rate by 25 bps to 5.25%, following in lockstep with the Federal Reserve’s decision. The Saudi repo rate exceeds the December inflation reading of 3.3%. Saudi Arabia typically follows the US central bank policy because the Riyal is pegged to the dollar.
2023-02-01