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Saudi central bank cuts repo, reverse repo rates by 25 bps after Fed

DUBAI: Saudi Arabia’s central bank said on Wednesday it had cut key interest rates to preserve monetary stability, following the US Federal Reserve decision to cut interest rates for the first time in over a decade. It cut its repo rate, used to lend money to banks …Read more





Saudi cbank cuts repo reverse repo rates by 25 bps after Fed

It cut its repo rate used to lend money to banks to 275 basis points from 300 bps and the reverse repo the rate at which commercial banks deposit money with the central bank by the same margin to 225 bps The Saudi riyal is pegged to the US dollar
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The UAE central bank said its repo rate for borrowing short-term liquidity had been increased by 25 bps

The cost of borrowing in the UAE and GCC increased on Thursday after 25 per cent Saudi Arabias central bank said it was raising policy rates to preserve monetary stability It increased its repo rate to 3 per cent from 275 per cent and the reverse
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SAMA raises repo reverse repo rates by 25 bps

Saudi Arabias central bank on Wednesday increased its reverse repo rate by 25 basis points to 2 percent from 175 percent It also raised its repo rate at which it lends to banks by 25 basis point to 25 percent This came following the US Federal
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UPDATE 1-Saudi cuts reverse repo keeps repo steady after Fed

RIYADH May 3 Reuters – Saudi Arabia which pegs its riyal currency to the dollar cut its reverse repurchase rate by 25 repo rate to 2 percent and left the benchmark repurchase rate at 55 percent bankers in Riyadh said reading from a central bank
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Saudi cbank raises reverse repo rate 25 bps keeps repo at 2 pct

DUBAI Dec 14 Reuters – Saudi Arabias central bank said on Wednesday it was raising its reverse repo rate by 25 basis points to 075 percent while keeping its repo rate steady at 2 percent The announcement came about half an hour after the US
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RBI cuts repo rate by 25 bps raises hopes of further cuts changes stance to neutral

The reduced repo rateby 025 percentage points to 625 percent and changed its stance to neutral from calibrated tightening signalling higher chances of more cuts in the coming months if inflation persisted within tolerable limits The central
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