Financial and Banking News
REGIONAL BANKING
Oman Cuts Interest Rates
The Central Bank of Oman has announced a cut in interest rates paid by commercial banks for non-government deposits and for all local currency loans. Rates for non-government deposits have been cut from 9.5% to 8.5%, while the ceiling on local currency lending is reduced from 11.5% to 10.5%. For loans in foreign currencies, the Central Bank of Oman has also imposed a ceiling of 1.5% over Libor.
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!