Saudi Arabia Interest Rate

The benchmark interest rate in Saudi Arabia was last recorded at 2 percent. Interest Rate in Saudi Arabia is reported by the Saudi Arabian Monetary Agency. Interest Rate in Saudi Arabia averaged 3.97 Percent from 1992 until 2014, reaching an all time high of 7 Percent in May of 2000 and a record low of 1.50 Percent in March of 2004. In Saudi Arabia the interest rates decisions are taken by the Saudi Arabian Monetary Agency (SAMA). Central bank official interest rate is the Official Repo Rate (ORR). This page provides - Saudi Arabia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.00 2.00 7.00 1.50 2.00 | 2014/01 1992 - 2014 Percent Monthly

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Saudi Arabia Interest Rate
LIST BY COUNTRY

Money Last Previous Highest Lowest Forecast Unit
Foreign Exchange Reserves 2721320.00 2014-02-28 2726649.00 2726649.00 1569145.00 2751938.56 2014-03-31 SAR Million [+]
Interbank Rate 0.95 2014-02-28 0.81 5.12 0.40 1.00 2014-03-31 Percent [+]
Money Supply M0 338939.00 2014-02-28 355105.00 355105.00 54862.00 342344.22 2014-03-31 SAR Million [+]
Money Supply M1 1036491.00 2014-02-28 1039982.00 1039982.00 137001.00 1058829.88 2014-03-31 SAR Million [+]
Money Supply M2 1384959.00 2014-02-28 1380577.00 1384959.00 206565.00 1406370.58 2014-03-31 SAR Million [+]
Money Supply M3 1583430.00 2014-02-28 1579657.00 1583430.00 260058.00 1601656.07 2014-03-31 SAR Million [+]
Interest Rate 2.00 2014-03-31 2.00 7.00 1.50 2.00 2014-01-31 Percent [+]
[+]


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Saudi Arabia Manufacturing PMI at 57.00  
Manufacturing PMI in Saudi Arabia decreased to 57 in March of 2014 from 58.60 in February of 2014. Manufacturing PMI in Saudi Arabia is reported by the SAAB/HSBC.
Saudi Arabia Inflation Rate at 2.60 Percent  
The inflation rate in Saudi Arabia was recorded at 2.60 percent in March of 2014. Inflation Rate in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Crude Oil Production at 9840.00 Thousands Barrels per Day  
Crude Oil Production in Saudi Arabia decreased to 9840 Thousands Barrels per Day in October of 2013 from 10140 Thousands Barrels per Day in September of 2013. Crude Oil Production in Saudi Arabia is reported by the U.S. Energy Information Administration.
Saudi Arabia Changes in Inventories at 288.00 SAR Million  
Changes in Inventories in Saudi Arabia decreased to 288 SAR Million in the fourth quarter of 2013 from 28756 SAR Million in the third quarter of 2013. Changes in Inventories in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Consumer Price Index (CPI) at 128.80 Index Points  
Consumer Price Index (CPI) in Saudi Arabia increased to 128.80 Index Points in February of 2014 from 128.70 Index Points in January of 2014. Consumer Price Index (CPI) in Saudi Arabia is reported by the Ministry of Economy and Planning.
Saudi Arabia Consumer Spending at 213128.00 SAR Million  
Consumer Spending in Saudi Arabia increased to 213128 SAR Million in the fourth quarter of 2013 from 209332 SAR Million in the third quarter of 2013. Consumer Spending in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia GDP Constant Prices at 323164.00 SAR Million  
GDP Constant Prices in Saudi Arabia increased to 323164 SAR Million in the fourth quarter of 2013 from 318194 SAR Million in the third quarter of 2013. GDP Constant Prices in Saudi Arabia is reported by the Central Department Of Statistics & Information.
Saudi Arabia Government Spending at 150562.00 SAR Million  
Government Spending in Saudi Arabia increased to 150562 SAR Million in the fourth quarter of 2013 from 150472 SAR Million in the third quarter of 2013. Government Spending in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
Saudi Arabia Gross Fixed Capital Formation at 175843.00 SAR Million  
Gross Fixed Capital Formation in Saudi Arabia increased to 175843 SAR Million in the fourth quarter of 2013 from 153142 SAR Million in the third quarter of 2013. Gross Fixed Capital Formation in Saudi Arabia is reported by the Central Department Of Statistics & Information.
Saudi Arabia Balance of Trade at 231276.03 Million SAR  
Saudi Arabia recorded a trade surplus of 231276.03 Million SAR in the fourth quarter of 2013. Balance of Trade in Saudi Arabia is reported by the Saudi Arabian Monetary Agency.
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