Saudi Arabia: Selected Issues
IMF Staff Country Reports, October 15, 2015
Source details
- Canonical URL
- Saudi Arabia: Selected Issues
Other formats
Bibliographic details
- Published: October 15, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513505077.002
Summary and context
- 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.
- 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.
Main findings
- 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.
Subjects and keywords
- Subjects: 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
Content in this bundle
- Saudi Arabia: Selected Issues, IMF Country Report No. 15/286
- _cr15286a