Feb 1 (Reuters) - The Saudi Central Bank said on
Wednesday it increased its key interest rates by 25 basis
points, following the U.S. Federal Reserve's move as the Saudi
riyal is pegged to the dollar.
The Saudi Central Bank, also known as SAMA, lifted its repo
and reverse repo rates by 25 bps each to 5.25% and 4.75%,
respectively, it said in a statement.
(Reporting by Alaa Swilam and Ahmed Tolba in Cairo; Writing by
Youssef Saba in Dubai; Editing by Leslie Adler)
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