In light of global monetary developments and taking into consideration the SAMA – Central Bank of Saudi Arabia’s objectives in maintaining monetary stability and supporting financial stability, the Saudi Central Bank has decided to raise the rate of Repurchase Agreement (Repo) by 25 basis points to 5.25 percent, and the rate of Reverse Repurchase Agreement (Reverse Repo) by 25 basis points to 4.75 percent, according to Saudi Central Bank news release on February 1, 2023.
Source: IBP