Riyadh – Mubasher: Jadwa Investment forecast that Saudi Arabia will raise repurchase rate (repo rate) to 2.5% by the end of 2018, amid expectations that the U.S. Federal Reserve will raise interest rates.
The Saudi Arabian Monetary Authority (SAMA) raised the interest rates, and the reverse repurchase rate in line with the Fed's previous rate increase, while it remained repo rate unchanged at 2%, the Saudi research company added.
