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Oman News

Central Bank of Oman raises interest rate on repurchases of local banks

The new interest rate has been upped to 75 basis points, to become 3.00 percent.

TAS News Service

info@thearabianstories.com

Thursday, July 28, 2022

MUSCAT: The Central Bank of Oman has raised the interest rate on repurchases of local banks with the same increase approved by the US Federal Reserve.

The new interest rate has been upped to 75 basis points, to become 3.00 percent.

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