SAMA Repo Rate - Saudi Arabia Saudi Arabian Central Bank interest rate

This page shows the current and historic values of the Repo Rate as set by the Saudi Arabian Central Bank (Saudi Arabian Monetary Agency, SAMA). The Repo Rate is often regarded as the most important interest rate of the SAMA.

The current interest rates of more central banks

Current SAMA Repo Rate
6.00 %
5.75 %
5.50 %
5.25 %
5.00 %
4.50 %
3.75 %
3.00 %
2.25 %
1.75 %

Chart SAMA Repo Rate

Historical interest rates

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Saudi Arabian Monetary Agency (SAMA)

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. 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 and on the exchange rate of the Saudi Riyal.