SAMA Decides to Reduce Repo and Reverse Repo Rates

The Saudi Central Bank (SAMA) reduced the Repurchase Agreement (Repo) rate by 50 basis points to 5.50% and the Reverse Repurchase Agreement (Reverse Repo) rate by 50 basis points to 5.00%.

Riyadh, September 19, 2024, In line with its objective of preserving monetary stability, the Saudi Central Bank (SAMA) decided to reduce the rate of Repurchase Agreement (Repo) by 50 basis points to 5.50%, and the rate of Reverse Repurchase Agreement (Reverse Repo) by 50 basis points to 5.00%.