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Saudi Central Bank Lowers Repo and Reverse Repo Rates

The Saudi Central Bank has decided to reduce the repurchase agreement (repo) rate by 50 basis points to 5.50%, and the reverse repurchase agreement (reverse repo) rate by 50 basis points to 5.00%.

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This decision aligns with the Saudi Central Bank’s goal of maintaining monetary stability.

Other Gulf central banks (the UAE, Bahrain, Qatar, and Kuwait) followed suit with the U.S. Federal Reserve’s moves by lowering interest rates.

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