Saudi Arabia: Selected Issues

October 15, 2015

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Format: Chicago

Saudi Arabia: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Summary

This Selected Issues paper assesses the importance of oil and interest rate spillovers for Saudi Arabia. Oil prices have fallen by more than 40 percent since mid-2014 while the Federal Reserve is expected in the coming months to begin raising its policy rate at the beginning of a gradual tightening cycle. Given the importance of oil to the economy and the peg of the riyal to the U.S. dollar, these are two key developments for Saudi Arabia. Although a temporary drop in oil prices would likely have little effect on the economy and banks given the financial cushions that have been built-up, a longer-lasting period of low oil prices would have a more significant impact.

Subject: Commodities, Electricity, Energy prices, Fuel prices, Inflation, Labor, Labor markets, Oil prices, Prices

Keywords: CR, Electricity, Energy price, Energy prices, Equity price, Fuel prices, Global, Government spending, ISCR, Labor markets, NPL ratio, Oil price, Oil prices, Price, Price reform, Private sector

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/286
Stock No:

1SAUEA2015002
ISBN:

9781513505077
ISSN:

1934-7685

Notes

Also available in Arabic

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