Interbank Rate in Saudi Arabia decreased to 2.76 percent in June from 2.85 percent in May of 2019. Interbank Rate in Saudi Arabia averaged 1.82 percent from 2006 until 2019, reaching an all time high of 5.24 percent in February of 2007 and a record low of 0.60 percent in August of 2011.
Interbank Rate in Saudi Arabia is expected to be 2.85 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in Saudi Arabia to stand at 2.60 in 12 months time. In the long-term, the Saudi Arabia Average Three Month Interbank Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.