Saudis Narrow Rate Gap With Libor to Boost Riyal's Appeal - Bloomberg:
"Saudi Arabia has narrowed the difference between a key rate and its U.S. dollar equivalent in London, days before the Federal Reserve is due to set monetary policy.
The three-month interbank rate has climbed 16 basis points this week to 2.18 percent, curbing its discount to Libor to about two basis points after the Saudi Arabian Monetary Authority unexpectedly raised both its repurchase and reverse repurchase rates on Thursday."
'via Blog this'
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