Saudi Arabia's central bank cuts rates by 25 bps, central bank says
ReutersSep 17, 2025 6:29 PM
CAIRO, Sept 17 (Reuters) - Saudi Arabia's central bank cut its repurchase agreement (repo) rate by 25 basis points to 4.75% on Wednesday, according to a statement, and its reverse repo rate also by 25 bps to 4.25%.
The move followed the Federal Reserve's decision to cut U.S. interest rates by 25 bps on Wednesday. Saudi Arabia's currency, the Saudi riyal, is pegged to the U.S. dollar.
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