Saudi Central Bank Slashes Rates by 50 bps

Saudi Arabia's Central Bank announced Wednesday it slashed the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and the reverse repo rate by 50 basis points to 5.00 percent.A statement from the bank said the move comes in line with its goal of maintaining monetary stability.Source: Qatar News Agency

Recent Post

About Us

Libya News Gazette is a comprehensive online news platform that aims to keep you informed about the latest happenings in Libya and beyond. We cover a wide range of categories, ensuring that you have access to news and information that matters most to you.Our general category covers a broad spectrum of news, including politics, economy, society, and more. Read More

Recent Post

Categories

Copyright © 2026 Libya News Wire All Rights Reserved.