Saudi Central Bank Raises Repo and Reverse Repo Rates by 25 Basis Points

Riyadh, Sept 16 (KUNA) -- The Saudi Central Bank announced on Wednesday the raising of the repurchase agreement (repo) rate by 25 basis points to 4.50 percent, and the reverse repo rate by 25 basis points to 4 percent. The central bank clarified in a statement that this decision aligns with its objective of maintaining monetary stability. (End) A.S. / R.J.