DUBAI, March 22 (Reuters) - The Saudi Central Bank said
on Wednesday it hiked its key interest rates by 25 basis points,
mirroring the U.S. Federal Reserve's move as the Saudi riyal is
pegged to the dollar.
The Saudi Central Bank, also known as SAMA, raised its repo
and reverse repo rates by 25 bps each to 5.5% and 5%,
respectively, it said in a statement.
(Reporting by Yomna Ehab in Cairo; Writing by Yousef Saba)
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