Central Bank RatesSaudi Arabia policy rate in 2024 (3 changes)
Start of year6.00%
End of year5.00%Dec 31, 2024
Net change-100 bp0 hikes, 3 cuts
Average5.81%
Rank by level16 / 38
Changes in 2024
| Date | From | To | Change |
|---|---|---|---|
| Sep 18, 2024 | 6.00% | 5.50% | cut -50 bp |
| Nov 7, 2024 | 5.50% | 5.25% | cut -25 bp |
| Dec 18, 2024 | 5.25% | 5.00% | cut -25 bp |
Compared with other areas at the end of 2024
47.5%
21%
12.25%
10%
9.5%
8.5%
7.75%
6.5%
6.5%
6.5%
6%
5.75%
5.75%
5.75%
5.55%
5%
5%
5%
4.75%
4.75%
4.5%
4.5%
4.375%
4.35%
4.25%
4%
4%
3.25%
3.1%
3%
3%
3%
2.75%
2.6%
2.5%
2.25%
0.5%
0.25%
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%
2024: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.