March 5, 2018 / 5:54 PM / 8 months ago

Saudi C. Bank announces end of short-term repo agreements

DUBAI, March 5 (Reuters) - Saudi Arabia’s central bank said on Monday that it is ending repo agreements for seven-, 28- and 90-day periods.

In a statement the Saudi Arabian Monetary Agency (SAMA) cited a lack of need and the interest of preserving monetary stability. (Reporting By Marwa Rashad Writing by Noah Browning)

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