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Saudi Central Bank raises repo and reverse repo rates by 25 basis points
The Saudi Gazette Published in The Saudi Gazette on 27 - 07 - 2023

The Saudi Central Bank (SAMA) decided to raise the rates of the Repurchase Agreement (Repo) and Reverse Repurchase Agreement (Reverse Repo) by 25 basis points to 6 percent and 5.50 percent respectively.
These decisions are in line with SAMA's mandate of preserving monetary stability.
The US Federal Reserve announced a quarter-point hike in the main interest rate. This move pushed the federal funds rate into a range of 5.25% to 5.5%, which is the highest level in 22 years. — SG/SPA

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