Saudi Central Bank Raises Benchmark Rate

2026-09-16 19:09 By Isabela Couto 1 min. read

The Saudi Central Bank raised its benchmark repo rate by 25 bps to 4.50% in September 2026, mirroring the Federal Reserve’s decision.

The move followed the Fed’s announcement that it would raise the target range for the federal funds rate by 25 bps to 3.75%-4% at its meeting, while a majority of FOMC members projected another hike this year.

The decision reflects Saudi Arabia’s practice of aligning its monetary policy with that of the US, given the riyal’s peg to the dollar.



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