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# Saudi Central Bank Cuts Repo Rate by 25 Basis Points to 5.00% in December 2024
- URL: https://www.theglobalbanker.com/sama-cuts-repo-rate-25-basis-points-5-00-december-2024/
- Published: 2024-12-19T05:00:00.000Z
- Updated: 2026-11-01T17:11:18.000Z
- Description: SAMA reduced its repo rate to 5.00%, following the US Federal Reserve's December 2024 cut and bringing total 2024 easing to 100 basis points.
- Author: TGB Editorial Team
- Tags: Central Banks, MENA, #archive

The Saudi Central Bank, known as SAMA, cut its repurchase agreement rate by 25 basis points to 5.00% on 18 December 2024, matching a simultaneous move by the US Federal Reserve and rounding off a year in which the kingdom's monetary authority reduced borrowing costs by a cumulative 100 basis points. SAMA also lowered its reverse repo rate by 25 basis points to 4.50%.

Saudi Arabia maintains an exchange-rate peg to the US dollar, under which SAMA generally follows Federal Reserve policy. 

#### FULL-YEAR EASING REACHES 100 BASIS POINTS

The December cut is the third reduction SAMA has delivered across 2024, bringing total easing over the year to 100 basis points. 

SAMA's move was mirrored across the Gulf: the UAE, Oman and Bahrain cut by 25 basis points and Qatar by 30 basis points, each tracking the Fed. 

#### FORWARD GUIDANCE

The bank's statement provided no explicit forward guidance on the number or pace of future reductions.