The Saudi Arabian Monetary Agency slashed its repo rate by 25bps to 2.5 percent during its September meeting, after US policymakers cut its target range by the same margin but remained split on whether to further ease monetary policy. Interest Rate in Saudi Arabia averaged 3.67 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.
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 2.00 in 12 months time. In the long-term, the Saudi Arabia Interest Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.