Saudi Arabia Cuts Interest Rate by 25 bps, After Fed

2024-12-18 19:43 By Mojdeh Kazemi 1 min. read

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.



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