Saudi Central Bank cuts interest rate by 50 basis points ...Saudi Arabia

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Saudi Central Bank cuts interest rate by 50 basis points
RIYADH — The Saudi Central Bank (SAMA) decided to reduce the repurchase agreement (repo) rate by 50 basis points to 5.50%, and reduce the reverse repurchase agreement (reverse repo) rate by 50 basis points to 5.00%. The bank said the decision is consistent with its goal of maintaining monetary (...)

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