Key data points
Last release
—
Observation period
Dec 31, 2024
Next release
—
Forecast
—
Highest
7.00 % on Jan 1, 2001
Lowest
1.00 % on Feb 28, 2022
About Saudi Arabia interest rate
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).
Related indicators
Frequently Asked Questions
Saudi Arabia interest rate is 5% at the moment.
Last month Saudi Arabia interest rate was 5%, and the month before that it amounted to 5.25%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.