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.

Saudi Arabia Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 08:00 PM Interest Rate Decision 3.0% 2.75% 3%
2019-07-31 06:50 PM Interest Rate Decision 2.75% 3% 2.75%
2019-09-18 08:00 PM Interest Rate Decision 2.50% 2.75% 2.5%
2019-10-30 07:00 PM Interest Rate Decision 2.50% 2.25%


Saudi Arabia Money Last Previous Highest Lowest Unit
Interest Rate 2.50 2.75 7.00 1.50 percent [+]
Money Supply M0 327154.00 328170.00 338829.00 54862.00 SAR Million [+]
Money Supply M1 1282571.00 1262085.00 1282571.00 121503.00 SAR Million [+]
Interbank Rate 2.48 2.68 5.24 0.60 percent [+]
Money Supply M2 1711058.00 1693334.00 1711058.00 169395.00 SAR Million [+]
Money Supply M3 1896793.00 1871533.00 1896793.00 228264.00 SAR Million [+]
Foreign Exchange Reserves 1904798.00 1888014.00 2796941.00 1569145.00 SAR Million [+]
Banks Balance Sheet 2512797.19 2465701.00 2512797.19 300694.53 Million SAR [+]
Deposit Interest Rate 3.40 3.40 9.04 0.50 percent [+]
Loan Growth 2.40 3.00 46.99 -1.40 percent [+]
Loans To Banks 28213.00 39684.00 73869.00 8057.00 SAR Million [+]
Loans To Private Sector 1487015.30 1484501.42 1487015.30 154289.00 SAR Million [+]
Central Bank Balance Sheet 1943897.00 1932298.00 2838408.00 186460.00 Million SAR [+]
Reverse Repo Rate 2.00 2.25 6.75 0.25 percent [+]


Saudi Arabia Interest Rate

In Saudi Arabia the interest rates decisions are taken by the Saudi Arabian Monetary Agency (SAMA). Central bank official interest rate is the Official Repo Rate (ORR). 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. Saudi Arabia Interest Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.75 7.00 1.50 1992 - 2019 percent Daily




Country Last Previous
Argentina 70.99 Oct/19
Turkey 16.50 Sep/19
Mexico 7.75 Sep/19
Russia 7.00 Sep/19
South Africa 6.50 Sep/19
Brazil 5.50 Sep/19
Indonesia 5.25 Sep/19
India 5.15 Oct/19
China 4.20 Oct/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.72 Sep/19
South Korea 1.50 Sep/19
Australia 0.75 Oct/19
United Kingdom 0.75 Sep/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Sep/19
Switzerland -0.75 Sep/19


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