Saudi Arabia Cuts Interest Rate by 25 bps, After Fed âšī¸
The Saudi Central Bank reduced its repo and reverse repo rates in December 2024, mirroring the Federal Reserve's policy adjustment of lowering interest rates by 25 basis points.
The article discusses a change in monetary policy by the Saudi Central Bank, which reduced its repo and reverse repo rates in response to the Federal Reserve's interest rate cuts. This is a neutral event for the given investment portfolio, as it does not directly impact the performance of the assets included. The portfolio has a diversified exposure across global markets and asset classes, so a change in Saudi monetary policy is unlikely to have a significant effect on the overall portfolio performance.