Saudi Arabia: Selected Issues
Electronic Access:
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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.
Series:
Country Report No. 2015/286
Subject:
Commodities Electricity Energy prices Fuel prices Inflation Labor Labor markets Oil prices Prices
Notes:
English
Publication Date:
October 15, 2015
ISBN/ISSN:
9781513505077/1934-7685
Stock No:
1SAUEA2015002
Pages:
85
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