The Saudi central bank has decided to keep its key interest rates unchanged in March, as inflation pressures remain under control, people familiar with the matter said Sunday.
Saudi Arabian Monetary Agency, or SAMA, told the kingdom's banks that it will hold its overnight reverse repo rate at 0.25% next month, and the benchmark repurchase rate at 2%, the people said.
Annual inflation in the kingdom remained unchanged at 5.3% in January versus December, data from the Central Department of Statistics and Information showed earlier this month.
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