SAMA Repo Rate in Saudi Arabia
Saudi Arabia's central bank policy rates over the last decade largely mirrored the US Federal Reserve's decisions, due to the Riyal's peg to the US Dollar. This led to a period of low interest rates early in the decade. However, from 2017, as the Fed started raising rates, Saudi Arabia followed suit. Rates were cut in 2020 in response to the COVID-19 pandemic's economic impact. By 2022, rates began to rise again, aligning with global monetary tightening trends, before renewed cuts in 2024. The SAMA Repo Rate ended 2022 at 5.00%, up from the 1.00% end-2021 value and up from the reading of 2.00% a decade earlier. For reference, the average policy rate in the Middle East & North Africa was 5.80% at the end of 2022. For more interest rate information, visit our dedicated page.
Saudi Arabia Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Saudi Arabia from 2014 to 2024.
Source: Macrobond.
Saudi Arabia Interest Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| SAMA Repo Rate (%, eop) | 1.00 | 1.00 | 5.00 | 6.00 | 5.00 |
| SAMA Reverse Repo Rate (%, eop) | 0.50 | 0.50 | 4.50 | 5.50 | 4.50 |
| 3-Month Interbank Rate (%, eop) | 0.82 | 0.87 | 5.28 | 6.32 | 5.52 |
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