SAMA hikes reverse repo to 75 bps, repo to 125 bps

Logo of Saudi Central Bank

The Saudi Central Bank (SAMA) decided to raise its repo rate to 125 basis points (bps) from 100 bps and its reverse repo rate to 75 bps from 25 bps.

The US Federal Reserve raised, today, March 16, interest rates for the first time since 2018, by 25 bps to range between 0.25% and 0.50%.

SAMA follows the interest rate moves of the US Federal Reserve due to the riyal-US dollar peg.

Changes in Saudi Arabia’s Repo, Reverse Repo rates
Date	Reverse repo rate	Repo rate
Jan. 2009	25 bps	200 bps
Dec. 2015	50 bps (+25 bps)	200 bps
Dec. 2016	75 bps (+25 bps)	200 bps
March 2017	100 bps (+25 bps)	200 bps
June 2017	125 bps (+25 bps)	200 bps
Dec. 2017	150 bps (+25 bps)	200 bps
March 2018	175 bps (+25 bps)	225 bps (+25 bps)
June 2018	200 bps (+25 bps)	250 bps (+25 bps)
Sept. 2018	225 bps (+25 bps)	275 bps (+25 bps)
Dec. 2018	250 bps (+25 bps)	300 bps (+25 bps)
July 2019	225 bps (-25 bps)	275 bps (-25 bps)
Sept. 2019	200 bps (-25 bps)	250 bps (- 25 bps)
Oct. 2019	175 bps (-25 bps)	225 bps (-25 bps)
March 2020	125 bps (-50 bps)	175 bps (-50 bps)
March 2020	50 bps (-75 bps)	100 bps (-75 bps)
March 2022	75 bps (+25 bps)	125 bps (+25 bps)

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