•Credit growth in Saudi has been weak as banks have kept funds with SAMA
•The rate cut should encourage banks to resume lending
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Tuesday 16 June 2009
Kingdom of Saudi Arabia – Interest rate cut (PDF)
•SAMA cuts the reverse repo rate to 0.25% from 0.50%
•Credit growth in Saudi has been weak as banks have kept funds with SAMA
•The rate cut should encourage banks to resume lending
•Credit growth in Saudi has been weak as banks have kept funds with SAMA
•The rate cut should encourage banks to resume lending
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