KSA, 19 December, 2024 : The Saudi Central Bank (SAMA) has announced a 25-basis-point reduction in its key policy rates. The Repurchase Agreement (Repo) rate has been lowered to 5.00%, while the Reverse Repurchase Agreement (Reverse Repo) rate is now 4.50%.
This decision reflects SAMA’s ongoing efforts to preserve monetary stability and respond to evolving global economic conditions. It underscores the bank’s commitment to supporting the financial system in the face of international developments.
Source : www.sama.gov.saRelated Posts
Real estate has long been one of the most attractive sectors for criminals seeking to disguise illic...
Read More
For years, regulatory enforcement in AML followed a familiar pattern. A bank was found to have weak ...
Read More
For many Corporate Service Providers, customer due diligence is often viewed as the most important s...
Read More