• Oman

    • Central Bank of Oman keeps repo rate unchanged at 6%

    By on December 14, 2023
    cbo
    cbo

    Muscat: The Central Bank of Oman decided to keep the interest rate for local banks fixed at 6 percent, following the US Federal Reserve’s decision to leave its key policy rate unchanged at the range of 5.25% – 5.50 percent%.

    The Central Bank of Oman’s monetary policy target is to sustain and maintain its fixed exchange rate. This policy is aligned with the structure and nature of the Omani economy.

    CBO pointed out that the decision aims to ensure the stability of the Omani riyal, migrate capital outflow and promote certainly among investors by removing exchange rate risk.

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