The Saudi Central Bank reduced its repo rate by 25 basis points to 5% and its reverse repo rate to 4.5% in December 2024. This move follows the Federal Reserve's policy adjustment, which lowered interest rates by the same margin to a target range of 4.75-5%, signaling only two rate cuts in 2025. Saudi Arabia's practice of mirroring U.S. monetary policy due to the riyal’s peg to the U.S. dollar. source: Saudi Central Bank
The benchmark interest rate in Saudi Arabia was last recorded at 5 percent. Interest Rate in Saudi Arabia averaged 3.61 percent from 1992 until 2024, reaching an all time high of 7.00 percent in May of 2000 and a record low of 1.00 percent in March of 2020. This page provides the latest reported value for - Saudi Arabia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia Repo Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.
The benchmark interest rate in Saudi Arabia was last recorded at 5 percent. Interest Rate in Saudi Arabia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Repo Rate is projected to trend around 4.50 percent in 2025 and 4.00 percent in 2026, according to our econometric models.