Saudi Central Bank raises Repo by 25 bp

RIYADH, July 26 (KUNA) -- The Saudi Central Bank (SAMA) decided Wednesday to raise the rate of Repurchase Agreement (Repo) by 25 basis points to 6.00 percent and the rate of Reverse Repurchase Agreement (Reverse Repo) by 25 basis points to 5.50 percent.

"These decisions are in line with SAMA's mandate of preserving monetary stability," the Saudi Press Agency (SPA) reported, citing a SAMA press release. (end) kns.rg.gb.