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Al-Marsad newspaper: The Saudi Central Bank announced, this evening, Wednesday, that it will raise the main interest rates by 25 basis points, in light of monetary developments in the local and global markets.
And the “Saudi Central” said in a statement: It “raised the rate of “repo” agreements by 0.25 percent from 1.00 to 1.25 percent, as well as raising the rate of reverse repurchase agreements (reverse repo) by 0.25 percent from 0.5 to 0.75 percent. cent”.
He added: “This decision comes with the aim of maintaining monetary stability and supporting the stability of the financial sector in light of monetary developments in the local and global markets.”
