BEIJING, Dec. 30 (Xinhua) China central bank has stepped up open-market operations, in order to maintain liquidity in the banking system during the closing s
RIYADH: The Saudi Central Bank, known as SAMA, raised the Repo rate by 50 basis points to 5 percent, following the US Federal Reserve's move to increase the rates by an expected 50 basis points. SAMA also increased the rate of Reverse Repo by 50 basis points to 4.50 percent. It said this decision is in line with the central bank’s objectives of maintaining monetary stability
Saudi Arabia and regional peers raise interest rates following US Fed s hike arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: The aggregate net profit of Saudi Arabia’s top 10 banks increased by 9.3 percent to SR16.5 billion ($4.39 billion) in the third quarter of 2022, compared to the previous three months, as rising interest income boosted their performance, an analysis done by professional services firm Alvarez & Marsal showed. Ten of the largest listed banks it analyzed include Saudi