Central Bank

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

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
