Saudi Arabia's central bank to inject 20 bln riyals to boost financial stability

 25 Sep 2016 - 18:08

Saudi Arabia's central bank to inject 20 bln riyals to boost financial stability

Reuters

RIYADH: Saudi Arabia's central bank said on Sunday it has decided to inject around 20 billion Saudi riyals ($5.33 billion) in time deposits into the banking system and introduced two new maturity periods for repurchase agreements aiming to help boost financial stability in the local market.

The Saudi Arabian Monetary Agency (SAMA) said local market indicators were good.