Saudi Arabia: Selected Issues
Saudi Arabia
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Volume/Issue:
Volume 2015
Issue 286
Publication date: October 2015
ISBN: 9781513505077
$18.00
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| Arabic | |||
| English |
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Topics covered in this book
This title contains information about the following subjects.
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Banks and Banking , Inflation , Labor , Economics- Macroeconomics , ISCR , CR , price , oil price , private sector , government spending , equity price , energy price , NPL ratio , price reform , Energy prices , Oil prices , Fuel prices , Labor markets , Electricity , Global
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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.
