Saudi Arabia Interest Rate

Last Release

Nov 07, 2024

Actual

5.25

Units In

5.5

Frequency

Daily

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
7 May 2000	1 Mar 2020	3.6 %	1992-2024	Saudi Arabian Monetary Agency

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).

Latest Updates

The Saudi Central Bank slashed its repo rate by 25 bps to 5.25% in November 2024, tracking a quarter-percentage-point rate cut delivered by the Federal Reserve. The reverse repo rate was also lowered by 25 basis points to 4.75%. Saudi Arabia typically mirrors US monetary policy because of the riyal’s peg to the US dollar.