IMF Staff Country Reports

Saudi Arabia: Selected Issues

October 15, 2015

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Saudi Arabia: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 5, 2024

Also available in: العربية

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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2015/286

  • Stock No:

    1SAUEA2015002

  • ISBN:

    9781513505077

  • ISSN:

    1934-7685

Notes