Saudi Central Bank Decides to Raise Rates of Repo and Reverse Repo

  • 2/5/2023
  • 02:12
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Riyadh, May 4, 2022, SPA -- The Saudi Central Bank decided to raise the rate of "repo" agreements by 0.5% (from 1.25% to 1.75%), and the rate of "reverse repo” agreements by 0.5% (from 0.75% to 1.25%), as part of the Bank's efforts to maintain monetary and financial stability. --SPA 23:10 LOCAL TIME 20:10 GMT 0015 www.spa.gov.sa/w1728975

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