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Saudi central bank raises key ratesSaudi Arabian Monetary Authority (Sama) has decided to raise its reverse repo rate from 200 basis points to 225 basis points and its repo rate from 250 basis points to 275 basis points, effective immediately. T More… |
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Qatar banks discuss lower repo rate with central bankQatari commercial banks are discussing with the central bank the possibility of reducing its repo lending rate as low oil and gas prices tighten liquidity in the banking system, market sources said on Thursday. More… |
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Qatar central bank cuts key ratesQatar's central bank on Tuesday slashed key interest rates by at least 50 basis points for the first time since August, its website showed. The move brought the main overnight deposit rate to 1.0 percent, from 1.5 pe More… |
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Saudi cuts reverse repoSaudi Arabia, which pegs its riyal currency to the dollar, reduced its reverse repurchase rate by 25 basis points on Saturday after a US rate cut, but continued with a policy of leaving its benchmark lending rate steady. The Saudi Arabian More… |
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Saudi holds repo to stem money supply growthThe Saudi central bank is unlikely to cut its repurchase rate, the benchmark lending rate, in response to further easing by the US Federal Reserve as it seeks to stem money supply growth, the vice governor said. With its riyal pegged to th More… |
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CBB cuts rates by 50 basis pointsTheCentral Bank of Bahrain (CBB) has decided to cut its key policy interest rate by 50 basis points. Effective immediately, the CBB’s rate on the one-week deposit facility is three per cent, down from 3.50 per cent previously. The More… |
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Gulf states cut rates; risk fuelling inflationGulf Arab oil producers, barring Oman, dropped interest rates on Thursday, mirroring a US cut, in a move likely to fuel near record inflation and add pressure on them to revalue their currencies or even drop their dollar pegs. Saudi Arabia More… |
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UAE, Kuwait reduce rates to match Fed cutThe United Arab Emirates, which pegs its dirham to the dollar, reduced its over-night repurchase rate by 50 basis points to 3 percent on Thursday, matching a US rate cut a day earlier. Kuwait also cut its repurchase rate by 50 basis points. More… |
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UAE reduces repo rate to match US cutThe United Arab Emirates, which pegs its dirham to the dollar, cut its over-night repurchase rate by 75 basis points to 3.5 percent on Wednesday, matching a US rate cut a day earlier. The repurchase rate was 4.25 percent on Tuesday, the ce More… |
