Central Bank RatesSaudi Arabia policy rate in 2008 (4 changes)
Start of year5.50%
End of year2.50%Dec 31, 2008
Net change-300 bp0 hikes, 4 cuts
Average5.084%
Rank by level29 / 38
Changes in 2008
| Date | From | To | Change |
|---|---|---|---|
| Oct 12, 2008 | 5.50% | 5.00% | cut -50 bp |
| Nov 1, 2008 | 5.00% | 4.00% | cut -100 bp |
| Nov 23, 2008 | 4.00% | 3.00% | cut -100 bp |
| Dec 16, 2008 | 3.00% | 2.50% | cut -50 bp |
Compared with other areas at the end of 2008
18%
17.75%
15%
13.75%
13%
11.5%
10.25%
10%
9.5%
9.25%
8.25%
8.25%
7%
6.5%
6.5%
5.5%
5.31%
5%
5%
4.25%
3.75%
3.75%
3.5%
3.25%
3%
3%
2.75%
2.5%
2.5%
2.5%
2.25%
2%
2%
1.5%
0.5%
0.5%
0.125%
0.1%
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%
2008: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.