After Fed..Saudi Central Bank raises “reverse repo” and “repo” ‎rates by 50 bps

The Central Bank of Saudi Arabia decided to raise the rate of the “repo” repo agreement by 50 basis points to 5.00 percent, and to raise the rate of the reverse repo agreement “reverse repo” by 50 basis points to 4.50 percent, and this decision comes in line with the central bank’s objectives in maintaining monetary stability and supporting financial stability.‎

This came after the US Federal Reserve raised interest rates by 50 basis points, to a level ranging between 4.25% and 4.5%.