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Wednesday, 26 October 2016

Saudi Arabian Bank Rates Decline in Sign Cash Squeeze Is Easing - Bloomberg

Saudi Arabian Bank Rates Decline in Sign Cash Squeeze Is Easing - Bloomberg:

"Saudi Arabian bank-lending costs declined in a sign the kingdom’s cash squeeze may be easing after the government pledged to inject $5.3 billion into its financial institutions.
The three-month Saudi Interbank Offered Rate, the price banks pay each other for loans, fell for a second day Wednesday, the first back-to-back decline since June. It had been unchanged since last week, when the kingdom sold its first-ever international bond."



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