Oman c. bank cuts repo rate by 25 basis points

The Central Bank of Oman (CBO) on Thursday cut the Repurchase Agreement (repo) rate by 25 basis points to 4.25 per cent.

The move supports the country’s fixed exchange rate policy, aiming to stabilise the domestic currency, prevent irregular capital flows, and enhance investor confidence by reducing exchange rate risk.

The reduction is expected to lower financing costs, stimulating investment, consumption, and overall economic activity.

Attribution: Amwal Al Ghad English