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2 months ago
Saudi c.bank raises reverse repo rate 25 bps, keeps repo rate unchanged
June 14, 2017 / 8:44 PM / 2 months ago

Saudi c.bank raises reverse repo rate 25 bps, keeps repo rate unchanged

DUBAI, June 15 (Reuters) - Saudi Arabia's central bank said on Thursday it was raising its reverse repo rate, the rate at which commercial banks deposit money with the central bank, by 25 basis points to 1.25 percent after the U.S. Federal Reserve hiked rates.

The Saudi central bank also said it was keeping its repo rate, used to lend money to banks, unchanged at 2.00 percent. (Reporting by Andrew Torchia; editing by Mark Heinrich)

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