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Saudi Arabia Interest Rate
Last Release
Dec 31, 2024
Actual
5
Units In
%
Previous
5.25
Frequency
Daily
Next Release
N/A
Time to Release
N/A
Highest | Lowest | Average | Date Range | Source |
7 May 2000 | 1 Mar 2020 | 3.61 % | 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 reduced its repo rate by 25 basis points to 5% and its reverse repo rate to 4.5% in December 2024. This move follows the Federal Reserve's policy adjustment, which lowered interest rates by the same margin to a target range of 4.75-5%, signaling only two rate cuts in 2025. Saudi Arabia's practice of mirroring U.S. monetary policy due to the riyal’s peg to the U.S. dollar.
Saudi Arabia Interest Rate History
Last 12 readings
