Saudi Central Bank Raises Rate of Repurchase and Reverse Repurchase Agreements by 75 Points ...Saudi Arabia

The Saudi Central Bank decided to raise the rate of "repo" agreements by 75 basis points to 3.75 percent, and the rate of "reverse repo" agreements by 75 basis points to 3.25 percent, in line with the bank's goals in maintaining monetary and financial stability in light of global developments.

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