Saudi Arabian Monetary Agency Raises Repayment Rate

Media In – Riyadh – June 14, 2018 SPA

The Saudi Arabian Monetary Agency (SAMA) today decided to raise the rate of repurchase agreements from 225 basis points to 250 basis points and raise the rate of reverse repurchase agreements from 175 basis points to 200 basis points to maintain local monetary and financial stability and take account of current local and global economic and monetary developments.