DUBAI: Saudi Arabia's central bank said on Wednesday it was raising its reverse repo rate by 25 basis points to 2.25 percent, and its repo rate by the same margin to to 2.75 percent.

It was acting after the U.S. Federal Reserve hiked rates by 25 bps.

(Reporting by Andrew Torchia Editing by Robin Pomeroy) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))