Shoring up Domestic Liquidity, Saudi Central Bank Provides Time Deposits to Commercial Lenders
Posted on 06/26/2022
In a bid to shore up local liquidity, the Saudi Central Bank placed about 50 billion riyals as time deposits with commercial lenders. This move happened before the U.S. Federal Reserve raised interested rates in June 2022. The funding from the central bank came in at least three separate tranches so far. The first and…
