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SAMA reduces repo rate
Saudi Press Agency Published in Saudi Press Agency on 16 - 12 - 2008


In line with the recent monetary measures taken by Saudi Arabian Monetary Agency (SAMA) to ensure adequate system liquidity to meet genuine domestic credit demand and in view of evolving global developments, SAMA has decided to lower the repo rate from 3% to 2.5% and the reverse repo rate from 2% to 1.5% effective immediately.

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