(MENAFN- Saudi Press Agency) Riyadh Rabi'I 05 1437 December 16 2015 SPA -- SAMA has decided to raise the reverse repo rate from 25 basis points to 50 basis points with immediate effect.
The repo rate remains unchanged at 200 basis points.
This decision was made in line with domestic and international financial market conditions.
--SPA
22:28 LOCAL TIME 19:28 GMT
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.