Central Bank
National banks comprised 86.3 percent of the total capital and reserves, amounting to $116.4 billion
The dollar fell to a one-week low, making gold less expensive for other currency holders
The ECB's meeting precedes the Federal Reserve, which appears ready to start its own rate cuts
Gross credit rose by 1.1 percent to AED2,100.9 billion by the end of June 2024
U.S. central bank will likely start cutting interest rates next week with traders raising bets for a 25-basis-point cut to 87 percent
Traders expect the CPI report to show that inflation is nearing the Fed's 2 percent target
The bills have a maturity period of 28 days amounted to OMR300,000, with an average acceptable price of OMR99.650
On August 19, KCB announced a similar allocation of bonds and tawarruq for three months at the same value and return rate
Traders expect the inflation data to reflect further disinflation which will support a rate cut by the Fed
The MPC noted that domestic real GDP growth had moderated to 2.2 percent in the first quarter of 2024
Oman’s credit reaches $81.56 billion in July 2024, marking 3.8 percent yearly increase: Central Bank
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
