SAMA reduces REPO, REVERSE REPO

Thursday 1441/1/20 - 2019/09/19
  • Share on Google+

Riyadh, September 18, 2019, SPA -- The Saudi Arabian Monetary Authority (SAMA) has reduced the REPO rate by 25 basis points from 2.75% to 2.50% and the REVERSE REPO rate by 25 basis points from 2.25% to 2.00%.
The decision is consistent with SAMA’s objective of preserving Monetary Stability amid evolving developments in global financial markets.
--SPA
00:17 LOCAL TIME 21:17 GMT
0035