Saudi Arabia

Restrictive

Policy rate

4.25%

Last move Dec 2025

Inflation

2.08%

As of null

Real policy rate

2.17%

Policy rate less inflation

Debt to GDP

32.10%

2026 est.

Inflation targetNone published

Policy rate vs target—

Last move-25 bps cut

Months at current rate9

Real GDP growth3.10%

Next scheduled decisionNot published

Policy rate path, latest five years. Cycle peak 7.00% (May 2000).

The verdict

Saudi Arabia sets its policy rate at 4.25%, against inflation of 2.08% — a real rate of 2.17% after inflation. The most recent decision was a 25bp cut in Dec 2025. The rate has held there for about 9 months. Inflation targeting: No explicit target; policy anchored to USD peg (3.75 SAR/USD). On the fiscal side, the economy carries government debt of 32.1% of GDP (2026 est.) and real GDP growth of 3.1%.

Sources: policy rate and cycle history — BIS central bank policy rates (WS_CBPOL); inflation — national statistical agencies; debt and growth — IMF World Economic Outlook. Methodology: https://www.globalfinancialinfo.info/methodology/policy-rates · Dataset: https://www.globalfinancialinfo.info/global-economy · Free to print and share for non-commercial classroom use (CC BY-NC-ND 4.0).

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