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Saudi Central Bank raises interest rates by 50 bps
The Saudi Central Bank, known as SAMA, raised the Repo rate by 50 basis points to 5 percent, following the US Federal Reserve's move to increase the rates by an expected 50 basis points. SAMA also increased the rate of Reverse Repo by 50 basis points to 4.50 percent. It…
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Click here to read the full story: Arab News