ID :
35988
Wed, 12/17/2008 - 09:20
Auther :
Shortlink :
https://www.oananews.org//node/35988
The shortlink copeid
SAMA reduces repo rate
Riyadh, December 16, SPA-- In line with the recent monetary measures
taken by Saudi Arabian Monetary Agency (SAMA) to ensure adequate
system liquidity to meet genuine domestic credit demand and in view
of evolving global developments, SAMA has decided to lower the repo
rate from 3% to 2.5% and the reverse repo rate from 2% to 1.5%
effective immediately.
--SPA
taken by Saudi Arabian Monetary Agency (SAMA) to ensure adequate
system liquidity to meet genuine domestic credit demand and in view
of evolving global developments, SAMA has decided to lower the repo
rate from 3% to 2.5% and the reverse repo rate from 2% to 1.5%
effective immediately.
--SPA
