CBO reduces interest rate on repo operations by 25 basis points

Business Thursday 18/September/2025 07:03 AM
By: ONA
CBO reduces interest rate on repo operations by 25 basis points

Muscat: The Central Bank of Oman (CBO) reduces the interest rate on its repurchase operations with local banks by 25 basis points (0.25 percent) starting Thursday, to 4.75 percent.

The statement issued by the Central Bank of Oman clarified that this comes in line with the monetary policy of the Central Bank of Oman, which aims to maintain a fixed exchange rate for the Omani riyal and is consistent with the structure and nature of the Omani economy.

This change also includes a number of advantages for the Sultanate of Oman, including, but not limited to the stability of the national currency, avoiding unusual cross-border capital movements, and enhancing investor confidence by eliminating the risk of exchange rate fluctuations.

This change is expected to contribute to boosting economic activity in the country by lowering financing costs, thereby increasing investment volume and supporting consumption resulting from increased lending.