Interest Rate in Saudi Arabia

Saudi Arabia Interest Rate | Economic News & Forecasts

Saudi Arabia - Interest Rate

Saudi Arabia’s strict compliance with the OPEC+ deal likely caused GDP growth to slow sharply in the first quarter. The Kingdom pumped 700,000 barrels per day less in Q1 compared to Q4. Moreover, the housing market remained depressed in Q1, with the real estate price index falling to a new low in the period. On the upside, the rally in oil prices observed in Q1 increased government spending and prompted the budget balance to post its first surplus in five years in the quarter. Stronger public spending likely boosted activity in the non-oil sector, while higher oil prices supported private lending. Economic activity, however, could worsen in the months ahead after escalating trade tensions between China and the United States dramatically ended the rally in oil prices in late April, with oil prices trading lower on a year-on-year basis in recent days.

Saudi Arabia - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)2.00  2.00  2.00  2.00  2.00  

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Saudi Arabia Interest Rate Chart

Saudi Arabia Interest Rate
Note: SAMA Repo Rate %
Source: Saudi Arabian Monetary Agency.

Saudi Arabia Facts

Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Jun 14
Stock Market0.21.00 %Jun 14

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