September 26, 2018 / 6:59 PM / 3 months ago

Saudi central bank raises rates 25 bps, following Fed

DUBAI, Sept 26 (Reuters) - Saudi Arabia’s central bank said on Wednesday it was raising its reverse repo rate by 25 basis points to 2.25 percent, and its repo rate by the same margin to to 2.75 percent.

It was acting after the U.S. Federal Reserve hiked rates by 25 bps. (Reporting by Andrew Torchia Editing by Robin Pomeroy)

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