Saudi Arabia's Central Bank announced Wednesday it slashed the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and the reverse repo rate by 50 basis points to 5.00 percent. A statement from the bank said the move comes in line with its goal of maintaining monetary stability. Source: Qatar News Agency
Recent Posts
Jordan Expresses Solidarity with UAE Following Fujairah Traffic Accident
November 13, 2026
EU Greenhouse Gas Emissions Decrease by 0.5% in Q2 2026
November 13, 2026
Salik Reports AED1 Billion Net Profit for First Nine Months of 2026
November 13, 2026