Saudi Arabia, Qatar raise repo rates while Turkey stays put

Central Banks in the Middle East are responding to the US Federal Reserve raising interest rates due to rising inflation.
SAUL LOEB/AFP via Getty Images
The Marriner S. Eccles Federal Reserve Board building is seen in Washington, DC, March 16, 2022. - SAUL LOEB/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

The Saudi and Qatari central banks have decided to raise repo rates from 1% to 1.25%.

The Saudi Central Bank also raised its reverse repo rate from 0.5% to 0.75%, the bank said in a statement yesterday. The Qatar Central Bank decided to keep its deposit and lending rates at 1% and 2.5%, respectively, it said in a release today. 

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