Saudi Arabia Interest Rate

The Saudi Arabian Monetary Agency left its benchmark repo rate steady at 2 percent on March 15th, 2017 but raised the reverse repo rate by 25 bps to 1 percent, saying the decision was made in line with domestic and international financial market conditions. The move was made after the Federal Reserve raised rates for the third time in the past decade. Interest Rate in Saudi Arabia averaged 3.79 percent from 1992 until 2016, reaching an all time high of 7 percent in May of 2000 and a record low of 1.50 percent in March of 2004.

 

In Saudi Arabia the interest rates decisions are taken by the Saudi Arabian Monetary Agency (SAMA). Central bank official interest rate is the Official Repo Rate (ORR). This page provides the latest reported value for – Saudi Arabia Interest Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia Interest Rate – actual data, historical chart and calendar of releases – was last updated on April of 2017.