Part of Global Central Bank Rates on BankofCanadaOdds.com.
Saudi Central Bank Repo Rate (SAMA Policy Rate)
- Last updated: — policy rate data and historical series refreshed automatically each day.
The Saudi Central Bank (SAMA) sets its short-term policy stance using the Repurchase Agreement (Repo) rate and Reverse Repo rate, which guide liquidity conditions in the banking system. Because the Saudi riyal is pegged to the US dollar, SAMA policy decisions frequently align with global monetary developments, particularly US rate changes.
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Note: The Repo Rate is the interest rate at which the Saudi Central Bank (SAMA) lends short-term funds to commercial banks. It is the primary benchmark used to maintain monetary stability and support the peg between the Saudi Riyal and the US Dollar.
What is the Saudi Central Bank Repo Rate?
SAMA’s Repo Rate is the rate at which the central bank lends to commercial banks against eligible collateral. It is one of Saudi Arabia’s primary policy rates and serves as a core tool for steering liquidity and short-term interest-rate conditions.
Who decides the rate and what they’re trying to achieve?
SAMA sets policy rates to support monetary stability, operating in a framework where monetary policy is closely tied to exchange-rate policy. A key practical objective is maintaining stability of the SAR/USD peg while managing domestic liquidity conditions in line with global monetary developments.
Why track global policy rates?
Currency movements
Policy-rate differences between countries can drive capital flows, influencing exchange rates as investors seek higher expected returns.
Credit and funding conditions
Central bank rates affect short-term funding costs, which feed through to loans, bonds, and broader credit markets.
Market valuation cycles
Shifts in policy rates change discount rates and growth expectations, influencing equities, housing markets, and commodity prices.
Canada callout (Saudi-specific):
For Canadians, Saudi policy rates matter because Saudi Arabia is a major oil market influence and the SAR is tied to USD. Shifts in US-driven rate cycles can affect global risk sentiment and commodity narratives that feed into CAD-sensitive sectors.
Related Saudi benchmark rates
Reverse Repo Rate
The Reverse Repo Rate is the return banks receive when placing funds with SAMA. Together with the Repo Rate, it helps form the operating corridor for very short-term money-market conditions.
- Frequently Asked Questions
Central Bank Rates
FAQs
It is the rate SAMA uses to lend to commercial banks through repurchase agreements and is a core Saudi policy rate.
It is the rate banks earn when placing funds with SAMA, and it is used alongside the Repo Rate to guide short-term money-market conditions.
Because the Saudi riyal is pegged to the US dollar, Saudi monetary policy is closely linked to exchange-rate stability and global monetary developments.
No. Lenders set loan and mortgage rates, but policy rates influence funding costs and broader market pricing.
SAMA publishes official Repo and Reverse Repo rate histories on its Monetary Operations pages and in policy decision releases.
Saudi Arabia maintains a stable peg of the Saudi riyal to the US dollar at 3.75 SAR per USD, as described in IMF data documentation.
Some sources display announcement dates, others show effective dates, and some update after data ingestion. Your page should standardize to the policy-rate effective period used by your dataset.
Saudi Arabia is influential in global oil markets, and US-driven rate cycles that shape Saudi rates can affect commodity sentiment and global risk pricing that feeds into Canada-linked sectors.
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