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Saudi c.bank raises reverse repo rate 25 bps, keeps repo at 2 pct
December 14, 2016 / 7:43 PM / 9 months ago

Saudi c.bank raises reverse repo rate 25 bps, keeps repo at 2 pct

DUBAI, Dec 14 (Reuters) - Saudi Arabia’s central bank said on Wednesday it was raising its reverse repo rate by 25 basis points to 0.75 percent, while keeping its repo rate steady at 2 percent.

The announcement came about half an hour after the U.S. Federal Reserve raised interest rates by a quarter percentage point and signalled a faster pace of increases in 2017. (Reporting by Andrew Torchia)

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