SAMA raises repo and reverse repo rates 19 March 2018Riyadh Reporter: Jenna Lomax
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The Saudi Arabian Monetary Authority (SAMA) raised its benchmark repo (lending) and reverse repo (deposit) rates.
SAMA increased its repo rate from 200 basis points to 225 basis points, and the reverse repo rate from 150 basis points to 175 basis points, with immediate effect.
Policy rate adjustments are consistent for monetary stability in the evolving domestic and international monetary conditions.
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