Riyadh – Mubasher: The Saudi Arabian Monetary Authority (SAMA) has declined its repo rate by 0.25%.
SAMA lowered repo rate to 275 basis points, from 300 basis points, according to the authority’s statement late Wednesday.
Moreover, it has decreased its reserve repo rate to 225 basis points instead of 250 basis points.
“Policy Rate adjustments are in line with SAMA's objective of preserving monetary stability,” SAMA said.
