Oman cuts repo rate by 25 bps 

The Central Bank of Oman (CBO) reduced its repo rate for local banks by 25 basis points to 4.75 per cent, effective Thursday.

The CBO stated the move comes as part of efforts to support economic activity and maintain monetary stability. Moreover, the rate cut is expected to reduce financing costs, thereby encouraging investment and consumption across the Sultanate.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser