The Saudi central bank, known as SAMA, increased key rates by 25 basis points on Wednesday, it said in a statement, following the Federal Reserve’s move to raise U.S. interest rates by a quarter of a percentage point.
The repo rate was increased to 6% and the reverse repo rate was raised to 5.5%, the central bank statement said
Read More : Saudi Central Bank Announces 25 bps Increase in Repo Rate to 6%