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SAMA Repo Rate, interest rate central bank Saudi Arabia
Charts - historic SAMA interest rates
Graph Saudi Ariabian interest rate - interest rates last year |
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Graph Saudi Ariabian interest rate - long-term graph |
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Saudi Arabian Monetary Agency
The central bank of Saudi Arabia is the the Saudi Arabian Monetary Agency, also known as SAMA. The most important activities of the SAMA are:
- issuing the national currency, the Saudi Riyal;
- supervising the commercial banks;
- to act as a bank for the government;
- managing the Saudi Arab foreign exchange reserves;
- executing monetary policy aimed at price and exchange rate stability;
- promoting growth and stability of the financial system.
The most important tools which are used by the central bank of Saudi Arabia are the exchange rate and monetary policies. Regarding the exchange rate policies the link to the American dollar is a consequence of the fact that the Saudi Arabian prosperity is depending on the American prosperity to a large extent. With regards to the monetary policy, the repo rate is used to influence the short term interest level and the inflation level.
SAMA Repo Rate
When reference is made to the Saudi Arabian interest rate this often refers to the SAMA Repo Rate. SAMA uses the repo rate and the reverse repo rate to influence the daily liquidity in the financial system and the overnight interest rate (interest rate with a maturity of 1 day). When the repo rate is changed the interbank interest rate often follows quickly. This has consequences for the interest rate on bank products like savings accounts, mortgages and loans.
This page shows the current and historic values of SAMA's repo rate.
For a summary of the current interest rates of a large number of central banks please click here.
Tables - current and historic interest rates of the central bank of Saudi Arabia
SAMA latest interest rate changes
| january 19 2009 |
2.000 % |
| december 16 2008 |
2.500 % |
| november 01 2008 |
3.000 % |
| october 30 2008 |
4.000 % |
| october 12 2008 |
5.000 % |
| february 08 2007 |
5.500 % |
| june 29 2006 |
5.200 % |
| february 01 2006 |
5.000 % |
| december 16 2005 |
4.750 % |
| october 25 2005 |
4.500 % |
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Summary of other central banks’ interest rates
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