Cbomhikesmrepomratemagain bym75mbpsmaftermfedvsmmove

Thekuentralktankkofkoman Sutotkonkthursdaykfurther raisedkitskrepokratekforklocal bankskbykigkbasiskpointsksbpst tokfzgbkperkcentwkmovingkwith Uskxederalkreservekaskoman’s currencykiskpeggedktokthekus dollarz

zoweverwkthekutokhaskagain cautionedklocalkbanksknotktokinx creaseklendingkrateskforkconx sumerskasktherekisksufficient liquiditykavailablekinkoman’skfix nancialksystemz

Oman’skratekhikekdecision waskmadekafterkthekuskxedkon Wednesdaykincreasedkitskkey interestkratekbykanotherkigkbasis pointszktheksultanatekfollowska fixedkexchangexratekregimewkand consequentlykitskinterestkratekis closelykalignedkwithkuskrateszkss akresultwkthekuto’skrepokrate generallykmoveskinktandemkwith thekxed’skpolicykratez

Repokratekiskthekpolicykrate thatkallowskcommercialkbankskto borrowkshortxtermkliquidity fromkthekutokasktheklenderkof lastkresortz

Rsfterkthekuskxedrskrecentkanx nouncementktokraisekitskkeykpolx icykratewkthekuentralktankkof Omankhaskincreasedkitskrepo ratekforklocalkbankskatktheksimilar ratekofkigkbasiskpointsktokfzgb perkcentwrkutoksaidkinkakstatex mentzk

Thekuskcentralkbankkon Wednesdaykraisedkthekbenchx markklendingkratekbykbzigkperx centagekpointk–kthekfourth straightkincreasekofkthatksizekand theksixthkhikekthiskyeark–kinkits allxoutkbattlektoktamekinflation notkseenksincekthekckjbszkthe xedrsklatestkigkbasiskpointskinx creasektakeskthekbenchmarkkus lendingkratektokezigk–kfzbbkper centkrangewkthekhighestksince “anuarykdbbjz

Thekutokinkitskstatement saidkthatkitskmonetarykpolicyktarx getkisktoksustainkandkmaintainkits fixedkexchangekratezkthiskpolicy iskalignedkwithkthekstructurekand naturekofkthekomanikeconomywkit saidz

Rtherekarekaknumberkofkadx vantageskforkomankthatkarekdex rivedkfromkthiskpolicywknamely ensuringkthekstabilitykofkthe Omanikrialwkmitigatingkcapital outflowkandkpromotingkcertainty amongkinvestorskbykremoving exchangekratekriskw’ktheksulx tanate’skcentralkbankksaidkinkits statementz

xollowingkthekleadkofkthekus xedwkomankhaskraisedkitskkey policykratektokfzgbkperkcentkin sixksuccessivekratekrevisionskthis yearz

Thekglobalkeconomykiskwitx nessingkrisingkandksustainedkinx flationarykpressurekandkcentral bankskaroundkthekworldkarekatx temptingktokaddresskthiskpresx surekbykhikingkinterestkratesz

‘Whilekhigherkinterestkrates arekexpectedktokleadktoklowerkinx flationwkinksomekcaseswkaskrelated tokconsumerskinkhighxincome bracketswktheykcouldkresultkin higherksavingsw’kthekutoksaidz

GCC central banks raise interest rates

sskmostkyulfkstateskkeepktheir currencieskpeggedktokthekus dollarwkotherkyuukcentralkbanks alsokliftedktheirkpolicykrateskby mostlykigkbasiskpointskon Thursdayz

Similarktokomanwksaudikuenx tralktankwkalsokknownkaskss’sw raisedkitskrepokratekbykigkbasis pointsktokfzgbkperkcentkandkits reversekrepokratekbykigkbasis pointsktokfzbkperkcentzkthekmove tokhikekrateskiskrinklinekwithkthe Saudikuentralktankrskobjective ofkmaintainingkmonetarykandkfix nancialkstabilityrwkss’sksaidkon itskwebsitez

Thekuentralktankkofkthekusw Sutuswtkdecidedktokraisekits basekratekapplicablektokthe overnightkdepositkfacilitykbykig basiskpointsktokezkbkperkcent fromkezcgkperkcentwkeffective fromkthursdayzkthekutuswkalso decidedktokmaintainkthekratekapx plicablektokborrowingkshortx termkliquiditykfromkthekutusw throughkallkstandingkcreditkfacilx itieskatkgbkbasiskpointskabove thekbasekratez

’oreoverwkqatarkuentral tankkraisedkitskrepokratekbykig basiskpointsktokfzigkperkcentzk–t alsokraisedkcentralkbankkdeposit ratekbykigkbasiskpointsktokfzgb perkcentkandkitsklendingkratekby equalkmarginktokgzbkperkcentz

tahrainrskcentralkbankkraised itskpolicykratekonkonexweekkdex positkfacilitykbykigkbasiskpoints tokfzigkperkcentz

zoweverwk”uwaitk–kwhich keepskitskcurrencykpeggedktoka basketkofkcurrenciesk–kkeptkits keykpolicykratekunchangedkamid akdeclinekinkinflationzkuonsumer pricekinflationkink”uwaitkslowed downktokreachkezckkperkcentkin Septemberkdbddkafterksoaringkto ankallxtimekpeakkofkfzickperkcent inksprilkdbddwkthekuentralktank ofk”uwaitksaidkonkitskwebsitez

Oman's central bank has again cautioned local banks not to increase cost of borrowing for consumers as there is sufficient liquidity available in the financial system