CAIRO, May 3 (Reuters) - Saudi Arabia's central bank on
Wednesday increased its repo rate by 25 basis points to 5.75%
and its reverse repo rate also by 25bps to 5.25%, it said in a
statement.
Saudi Arabia, whose currency is pegged to the U.S. dollar,
followed the U.S. Federal Reserve's decision to raise interest
rates by a quarter of a percentage point.
(Reporting by Alaa Swilam and Muhammad Al Gebaly)
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