0
 

Saudi Arabia: Central bank surprises market by upping interest rates


Issue 1056 - 22 Mar 2018

Saudi Arabian Monetary Authority (Sama, central bank) on 15 March surprised markets by raising its policy rates by 25 basis points with immediate effect, bringing the benchmark repo rate (the price at which Sama lends to commercial banks) to 2.25% and the reverse repo rate to 1.75%. It marked a change from Sama’s usual approach of waiting for the US Federal Reserve to adjust its interest rates first before following suit.

Want to read more?

Small article

£4

(Access to one 100-400 word article)

Subscribe to Gulf States Newsletter

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles and set up news alerts.

Register

Contact us

Jon Marks
Editorial director

Dominic Dudley
Editor

Harry Randle Marsh
Subscriptions and sales

Tel: +44 (0)1424 721667