The Saudi Arabian Monetary Agency cuts its repo rate by 25 bps to 2.25 percent during its October 2019 meeting, after US policymakers cut its target range by the same margin. Policy Rate adjustments are consistent with SAMA's objective of maintaining monetary stability. Saudi Arabia Interest Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Interest Rate in Saudi Arabia averaged 3.66 percent from 1992 until 2019, reaching an all time high of 7 percent in May of 2000 and a record low of 1.50 percent in March of 2004. This page provides the latest reported value for - Saudi Arabia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Saudi Arabian Monetary Agency
Interest Rate in Saudi Arabia is expected to be 2.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Saudi Arabia to stand at 2.25 in 12 months time. In the long-term, the Saudi Arabia Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.