Oman’s central bank pauses repo rate hikes

Oman’s central bank pauses repo rate hikes

Muscat – Following the US Federal Reserve’s announcement on Wednesday to keep the key interest rates unchanged, the Central Bank of Oman (CBO) decided on Thursday to maintain its repo rate for local banks at 6.00%. The sultanate follows a fixed exchange-rate regime, and as a result, its interest rates closely align with US rates. […]