SAMA Decides to Reduce Repo and Reverse Repo Rates

SAMA reduced the Repo rate by 50 basis points to 5.50% to support monetary stability.

 On September 19, 2024, in pursuit of its goal to maintain monetary stability, the Saudi Central Bank (SAMA) announced a reduction of 50 basis points in the Repurchase Agreement (Repo) rate, bringing it down to 5.50%. Similarly, the Reverse Repurchase Agreement (Reverse Repo) rate has also been cut by 50 basis points, now standing at 5.00%.