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Saudi Arabia, the United Arab Emirates and Bahrain lowered interest rates by 25 basis points after the Fed's announcement of a similar action on Wednesday.
The Central Bank of Saudi Arabia (SAMA) lowered the repo rate used to lend banks at 275 basis points, compared with 300 basis points.
The institution has also reduced the rate of reverse repurchase agreements, in which commercial banks deposit money with the central bank, at the same margin, at 225 basis points.
The central bank of Bahrain lowered the sight deposit rate from 2.50% to 2.25% and the lending rate from 4.50% to 4.25%.
The central bank of the United Arab Emirates has also reduced repo rates by 25 basis points as well.
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