Central Bank RatesSaudi Arabia policy rate in 2004 (5 changes)
Start of year1.75%
End of year2.50%Dec 29, 2004
Net change+75 bp4 hikes, 1 cuts
Average1.796%
Rank by level26 / 36
Changes in 2004
| Date | From | To | Change |
|---|---|---|---|
| May 17, 2004 | 1.75% | 1.50% | cut -25 bp |
| Aug 11, 2004 | 1.50% | 1.75% | hike +25 bp |
| Sep 22, 2004 | 1.75% | 2.00% | hike +25 bp |
| Nov 21, 2004 | 2.00% | 2.25% | hike +25 bp |
| Dec 18, 2004 | 2.25% | 2.50% | hike +25 bp |
Compared with other areas at the end of 2004
18%
17.75%
17%
13%
10%
9.5%
8.75%
8.5%
7.92%
7.5%
6.75%
6.5%
6.5%
6.5%
6%
5.58%
5.25%
4.75%
4.75%
3.75%
3.7%
3.25%
3.25%
3%
2.7%
2.5%
2.5%
2.5%
2.25%
2.25%
2.15%
2%
2%
2%
1.75%
0.75%
Year-end rate over time
4.5%
4.25%
5%
6%
5%
1%
1%
2.25%
3%
2%
2%
2%
2%
2%
2%
2%
2%
2%
2.5%
5.5%
5.2%
4.75%
2.5%
1.75%
2%
2.75%
7%
2004: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.