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Saudi Central Bank Raises Repo Rate and Reverse Repo Agreements By 75 Points

Riyadh-- The Saudi Central Bank has decided to raise the rate of repurchase “repo” agreements by 75 basis points (BPS) from 2.25 to 3.00%, as well as raising the rate of “reverse repo” agreements by 75 basis points (BPS) from 1.75 to 2.50%, in line with the bank’s goals in maintaining monetary and financial stability in light of global developments.

Source: Saudi Press Agency