The Saudi Arabian Monetary Agency raised the official repo rate by 25bps to 3.00 percent on 19 December 2018, following the Fed decision to increase its target range for the federal funds interest rate by a quarter point, to between 2.25 percent and 2.50 percent. The reverse repo rate was also hiked by 25bps to 2.50 percent. Saudi Arabia follows the Fed policy because its currency is pegged to the dollar. Policymakers said the rate adjustments aim to maintain monetary stability amid global financial developments. Interest Rate in Saudi Arabia averaged 3.69 percent from 1992 until 2018, reaching an all time high of 7 percent in May of 2000 and a record low of 1.50 percent in March of 2004.

Interest Rate in Saudi Arabia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Saudi Arabia to stand at 3.25 in 12 months time. In the long-term, the Saudi Arabia Interest Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

Saudi Arabia Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 08:00 PM Interest Rate Decision 3.0% 2.75% 3%


Saudi Arabia Money Last Previous Highest Lowest Unit
Interest Rate 3.00 2.75 7.00 1.50 percent [+]
Money Supply M0 310686.00 311458.00 326643.00 54862.00 SAR Million [+]
Money Supply M1 1205891.00 1194882.00 1257331.00 137001.00 SAR Million [+]
Interbank Rate 2.81 2.74 5.24 0.60 percent [+]
Money Supply M2 1628223.00 1608814.00 1649340.00 206565.00 SAR Million [+]
Money Supply M3 1803690.00 1798123.00 1828171.00 259901.00 SAR Million [+]
Foreign Exchange Reserves 1891405.00 1892225.00 2796941.00 1569145.00 SAR Million [+]
Banks Balance Sheet 2332630.72 2325417.73 2332630.72 300694.53 Million SAR [+]
Deposit Interest Rate 3.13 3.13 9.04 0.50 percent [+]
Loan Growth 2.30 1.90 46.99 -1.40 percent [+]
Loans To Banks 48055.00 47244.00 71756.00 8057.00 SAR Million [+]
Loans To Private Sector 1447532.40 1445851.42 1447532.40 154289.00 SAR Million [+]
Central Bank Balance Sheet 1924183.00 1931646.00 2838408.00 186460.00 Million SAR [+]
Reverse Repo Rate 2.50 2.25 6.75 0.25 percent [+]


Saudi Arabia Interest Rate

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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 2.75 7.00 1.50 1992 - 2018 percent Daily




Country Last Previous
Argentina 57.13 Jan/19
Turkey 24.00 Jan/19
Mexico 8.25 Dec/18
Russia 7.75 Dec/18
South Africa 6.75 Dec/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Jan/19
China 4.35 Dec/18
Saudi Arabia 3.00 Dec/18
United States 2.50 Dec/18
Singapore 1.76 Dec/18
Canada 1.75 Jan/19
South Korea 1.75 Dec/18
Australia 1.50 Dec/18
United Kingdom 0.75 Dec/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Dec/18
Switzerland -0.75 Dec/18


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