ID :
66019
Tue, 06/16/2009 - 16:00
Auther :

Saudi Arabian Monetary Agency reduces Reverse Repo Rate

Riyadh, June 16, SPA -- The Saudi Arabian Monetary Agency (SAMA) has
decided to lower its reverse repo rate from 50 bp to 25 bp, effective
immediately.

This measure has been taken to normalize domestic money market
conditions against the backdrop of stable macro-economic activity.

--SPA

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