Saudi Arabia: Selected Issues

International Monetary Fund

No 2015/286, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 85
Date: 2015-10-15
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Citations: View citations in EconPapers (2)

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